Japan's Financial Services Agency (FSA) has imposed a
three-month halt to Osaka Securities Exchange (OSE)'s plans to
list on its own stock market. The regulator has also told OSE
to improve its self-regulatory function.
The moves stem from wash trading in its stock options
markets by a former OSE executive during the late 90s to give a
false impression of liquidity (see FO Week Volume 8 No
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