The Square Enix Insider Trading Scandal

Talk about an awkward situation…

I usually don’t talk about insider business topics as they tend to either be rather boring or rather complicated but this time I felt this would be a good story to cover. Recently several employees from Square Enix have been arrested on counts of insider trading following a rather lucrative share price increase in the company Aiming Co’s stock after it announced it would be working on a Dragon Quest mobile spin-off.

Now those who know Japan recognise just how popular the Dragon Quest series is over there so making a financial bid on a new entry in the series there is a smart idea and it’s no wonder that the authorities would gain a lot of suspicion after hearing about this sudden bout of financial gain from those who would know about this in advance. Now something important to note, and the reason why I’m covering this, is it’s not just a few low-level employees in the company that were caught doing this but also the co-creator of Sonic, Yuji Naka, who recently was working for Square Enix on Balan Wonderworld so this obviously goes a lot higher than just some people wanting to make a bit of extra cash.

Still it’s a strange situation and of course nothing has been confirmed as of yet as the authorities are still investigating this. So for the moment it would be best just to keep an eye on the story here and see how this may develop in the future. That’s all for now, and as always. It’s not just a game, It’s a Life.

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