[Japan's Securities and Exchange Surveillance Commission Applies to Ban Three Unregistered Companies from Operating; Companies Claimed Their Products Invested in Bitcoin ETFs] According to CoinPost, Japan's Securities and Exchange Surveillance Commission (SESC) has applied to the Tokyo District Court for an injunction against three unregistered companies: 4CAPITAL MANAGEMENT, Shibata Research Institute, and Ando Research Institute, along with their three representatives. The SESC disclosed that between February 2021 and February 2026, these three companies promoted overseas investment products related to the US-based Investors Trust (ITA) group, raising approximately 4.9 billion yen from 2,141 individuals, and claiming that their products could invest in Bitcoin ETFs. Furthermore, Ando Research Institute also sold private bonds without registration, raising approximately 2.5 billion yen. The Financial Services Agency (FSA) added these companies to its list of unregistered businesses on the same day.