US Regulators On Short Leash With Olympus Probe

Law360, New York (November 8, 2011, 8:24 PM EST) -- Despite Olympus Corp.'s admission Tuesday that it covered up investment losses by paying large fees to financial advisers, U.S. regulators will have to limit the scope of their investigations in order to find a jurisdictional opening into the scandal that has rocked the Japanese camera and device maker, attorneys say.

Olympus stock is not traded on U.S. exchanges, which means any accounting fraud that took place within Japan is out of U.S. regulators' jurisdiction.  However, one of the two financial advisers that Olympus executives allegedly used...
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