The Securities and Exchange Surveillance Commission of Japan is now monitoring the spread and effect of online stock rumors on the Tokyo market. The system by Fujitsu has been in effect since April and apparently keeps tabs on Web sites showing spikes in traffic. It was established in an effort to curb stock fluctuations caused by unsubstantiated rumors. Toyo Construction's [yen]30 drop is cited as one such example of unfounded rumors drastically affecting stock prices. The SESC has yet to prosecute anyone based on this new system.
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