Japan Probes Investment Firms Over Missing $2B

Law360, New York (February 29, 2012, 6:06 PM EST) -- As an investigation into the possible loss of more than $2 billion in customer funds by a Japanese private fund manager continues, Japan's primary financial regulator said Wednesday that it had launched a probe of all of the country's investment advisory firms.

Japan's Financial Services Agency has asked 265 investment advisers to fill a questionnaire on their business activities by March 14, it said. Once the regulator has reviewed the responses, it will more closely examine a select group of advisers. Information sought by the FSA...
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