Japan’s securities regulator recommends administrative action against moomoo Securities. The Japanese SESC noted that moomoo Securities incorrectly labeled certain ineligible U.S. ETFs and ETNs as NISA-eligible products for sale, mishandled client matters, failed to properly process some securities transfer requests, inadequately reviewed suspicious transactions, and had insufficient system and cybersecurity controls. Regulators determined that its internal controls and compliance management are deficient, potentially harming investor interests. https://t.co/GWHmrtMdUs