A Japanese government body is urging regulators to punish Chibagin Securities for its alleged mis-selling of structured bonds involving two regional banks.

Chibagin Securities has failed to conduct suitability obligations when it sold structured bonds to retail investors through its parent banks - Chiba Bank and Misashino Bank, according to the Securities and Exchange Surveillance Commission (SESC) under Japan's Financial Services Agency (FSA), on Friday (9 June).   With capital of JPY4.3 billion (US$30.8m), the Chiba-based investment banking firm sold structured bonds that did not match investors' financial knowledge, transaction experi

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