Financial Services Agency
Unlike the U.S. Securities and Exchange Commission, the SESC doesn't have the power to punish those who violate the law or regulations. Instead, it reports its findings to the cabinet, prosecutors, and the Financial Services Agency with recommendations. In addition to which, it has been described as understaffed - as of 2004, the SESC had 444 staff, as compared to 3100 at the US SEC. The total number of SESC staff had increased to 697 as of fiscal year 2010.