New insider trading allegations affect several industry players including Yuji Naka,
A report has just emerged revealing that a number of people, including Square Enix employees and ex-Sega game designer Yuji Naka, have been involved in illegal insider trading, leading to arrests. The report says the charges are based on the 2020 announcement by studio Aiming, which is headlining a new Dragon Quest game titled Tact.
Square Enix employee Taisuke Sazaki had reportedly found out about Square Enix’s deal with Aiming prior to the official announcement and bought Aiming stock, hoping to make a profit once the information was released. Similarly, Sonic co-creator Yuji Naka was accused of doing the same and has since been arrested on those allegations.
According to the FNN report, the Tokyo District Attorney’s Office is still investigating the matter as Naka allegedly bought shares worth 2.8 million yen while Sazaki was accused of buying shares worth 26.4 million yen.
Square Enix, meanwhile, also issued a statement on the matter, saying they will be fully cooperating with prosecutors during the investigation. In addition, they have taken “internal disciplinary measures” against suspicious employees. The company has also committed to taking further preventive measures to ensure that such an incident does not happen again.
https://twinfinite.net/2022/11/square-enix-issues-statement-on-insider-trading-allegations-as-sonic-co-creator-yuji-naka-gets-arrested/ Square Enix issues statement on insider trading allegations as Sonic co-creator Yuji Naka is reportedly arrested