Iconic Game Developer and Amateur Market Analyst Yuji Naka Second arrest for insider trading. He and his co-conspirator Taisuke Sazaki, the developer of Final Fantasy 7: The First, were charged with investing in ATeam Entertainment based on privileged information before the game was published. rice field. His first arrest was for a similar charge related to trading based on insider knowledge of Dragon Quest Tact.
Yuji Naka arrested again for insider trading FF7 The First Soldier development stock
As Asahi reported, Yuji Naka is said to have bought 120,000 shares of Ateam Entertainment for around ¥144,700,000 (approximately $1,345,710 at the January 2020 exchange rate), while Sazaki has been accused of buying 91,000 shares. , these two weren’t the only ones to benefit from privileged information. An unnamed “acquaintance” also bought 10,000 shares.
Of course, this is part of a developing story and its extent is unknown at this time. The Tokyo District Public Prosecutors Office is investigating these insider trading allegations, and it may not be the last.
Square Enix has not addressed anyone directly, but has issued a general statement following the initial incident:
“Today, some media outlets reported that a former Square Enix employee is under investigation for alleged insider trading. The investigation by the Tokyo District Public Prosecutors Office is ongoing, and we will continue to fully cooperate with the investigation. We have taken this incident seriously, including internal disciplinary action against our employees.”
