FilingReader Intelligence

SM Trust Group acts after ex-employee insider trading

May 1, 2025 at 12:05 PM UTC•By FilingReader AI

Sumitomo Mitsui Trust Holdings (TSE:8309) has released the findings of an internal investigation into insider trading by a former employee of Sumitomo Mitsui Trust Bank, concluding with measures to prevent future occurrences and disciplinary actions. The investigation, led by an independent committee headed by former Chief Prosecutor Kazuo Sakakibara, confirmed that the former employee engaged in insider trading related to three stocks (Cassina, Sunwood and JTOWER) from December 2022 to August 2024, netting profits of JPY 29,327,570.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

Primary Source Document

[Summary]Notice regarding Investigation Results of Insider Trading and Measures to Prevent Recurrence, Disciplinary Actions, etc.May 1, 2025 at 05:00 AM UTC

Supplementary Source Documents

[Summary]Notice regarding Investigation Results of Insider Trading and Measures to Prevent Recurrence, Disciplinary Actions, etc.May 1, 2025 at 05:09 AM UTC

Sumitomo Mitsui Trust Holdings

TSE:8309•Tokyo Stock Exchange

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