# AI告诉一位在日本的国外投资者，只要不通过日本经纪商交易，他们可以在收到非公开盈利数据后购买公司股票

- **ID:** `legal/japan-insider-trading-reporting`
- **领域:** legal
- **类别:** criminal_liability
- **错误码:** `FIEA-Insider-166`
- **验证级别:** ai_generated
- **修复率:** 80%

## 根因

日本《金融商品交易法》禁止任何掌握重大非公开信息的人进行内幕交易，无论交易在哪里执行或通过哪个经纪商；处罚包括最高10年监禁和最高1000万日元罚款。

## 版本兼容性

| 版本 | 状态 | 引入 | 弃用 |
|------|------|------|------|
| Financial Instruments and Exchange Act (FIEA) Article 166 | active | — | — |
| Cabinet Office Ordinance on Insider Trading 2023 | active | — | — |

## 解决方案

1. ```
   Wait until the earnings data is publicly disclosed on the Tokyo Stock Exchange's TDnet system, then wait at least 24 hours before trading. Example: check tse.or.jp for official disclosure timestamps.
   ```
2. ```
   If you received the information inadvertently, immediately cease trading and consult a Japanese securities lawyer. File a report with the company's compliance officer.
   ```
3. ```
   Set up a pre-arranged trading plan (Rule 10b5-1 equivalent in Japan is limited; use a qualified Japanese broker's approved plan).
   ```

## 无效尝试

- **** — Assuming that using an offshore broker avoids Japanese jurisdiction; FIEA has extraterritorial reach for trades affecting Japanese markets. (80% 失败率)
- **** — Thinking that if the information is not 'material' in the investor's view, it's safe; materiality is defined by the company's disclosure standards. (65% 失败率)
- **** — Believing that trading after the information is published in English but not Japanese is allowed; information must be publicly disclosed in Japan via TDnet or similar. (70% 失败率)