Yuji Naka arrested for insider trading

"Sonic the Hedgehog" creator Mr. Yuji Naka got arrested for insider trading

Yuji Naka arrested for insider trading

Yuji Naka is 57 years old creator of Sonic the Hedgehog game series

Yuji Naka arrested for insider trading

Yuji Naka while employed at Square Enix had purchased 10,000 shares

Yuji Naka arrested for insider trading

He bought the shares based on insider information about upcoming smartphone-based online game

Yuji Naka arrested for insider trading

Yuji Naka purchased those shares in aiming for about ¥2.8 million in January 2020

Yuji Naka arrested for insider trading

On thursday, Taisuke Sazaki & Fumiaki Suzuki, former employee of Square Enix got arrested

Yuji Naka arrested for insider trading

Now, all three of them have been arrested on insider trading for Dragon Quest Tact mobile game

Yuji Naka arrested for insider trading

“We have been fully cooperating with requests from the Securities and Exchange Surveillance Commission,” said Square Enix

Yuji Naka arrested for insider trading

Lastly he added  “We deeply regret the great concern this has caused to all concerned. We have dealt with this incident strictly, including internal disciplinary actions taken against the suspected employees.”