Yuji Naka Arrested On Suspicion Of Insider Trading

The Tokyo District Public Prosecutors Office arrested Sonic the Hedgehog co-creator and game director Yuji Naka on Friday on suspicion of insider trading.

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Specifically, a number of people that have worked at Square Enix have been arrested regarding insider trading

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Naka is accused of buying 10,000 shares in Aiming prior to the announcement that Dragon Quest Tact would be developed by the studio.

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Likely in the hope that once the news went public, the price of the shares would increase.

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While Naka bought 10,000 shares other Square Enix employees, such as Taisuke Sazaki and Fumiaki Suzuki,

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bought considerably more and are also suspected of insider trading

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Naka is already involved in a lawsuit after he left Square Enix and removed from Balan Wonderworld’s development, so this arrest comes at an obviously bad time.

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For many, Naka is best known for his work on and the co-creation of the Sonic the Hedgehog series

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as well as being a core member of the original Sonic Team.

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