Japan Requests Securities Enforcement Cooperation Agreement with U.S.

On December 3, 1998, the Japanese Securities and Exchange Surveillance Commission announced it was requesting the U.S. Securities and Exchange Commission (SEC) to conclude a bilateral agreement on information exchange and investigative cooperation to assist Japan in its investigation of the Tokyo units of foreign brokerages and Japanese brokerages that it speculates were involved in manipulating the Japanese stock market by disseminating rumors in recent months... [more]