AZ-COM Maruwa employee's insider trading leads to recommendation

AZ-COM Maruwa Holdings (TSE:9090) announced that the Securities and Exchange Surveillance Commission (SESC) has recommended a surcharge payment order against a former employee. This recommendation stems from the employee's alleged violation of the Financial Instruments and Exchange Act, specifically related to insider trading. According to the SESC, the former employee shared undisclosed information regarding the planned tender offer for C&F Logistics Holdings (TSE:9099), allowing an acquaintance to profit. AZ-COM Maruwa has apologized for the incident and stated it will strengthen its compliance structure and reinforce employee training to prevent future occurrences. The company has already notified the former employee of their intent to enforce disciplinary measures, equivalent to dismissal, in accordance with internal regulations.