A Tokyo court found a former judge guilty of insider trading, in a verdict that comes amid a string of financial scandals at banks as well as the stock exchange.
The Tokyo District Court handed Soichiro Sato a suspended two-year prison sentence Wednesday for using confidential information he obtained while working at the Financial Services Agency last year to buy stocks before tender offers were made public, according to the court’s spokeswoman.
Sato, 32, was at the time working at the department responsible for reviewing and approving documents on tender offers, Kyodo News said.
The verdict comes as a series ...
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