Regulators may pursue charges against U.S.-based asset manager MRI
In Tokyo, Japan regulators are in the act of inspecting the U.S.- based MRI international incorporation of its registration and thinking of press criminal charges against the firm. The reasons for this act that have been expected are poor managing of client funds and creating false reports. The Japanese investors are trying to do everything they can to save their career, even chasing returns while the interest rates are at rock bottom. In the starting of the scandal regulators beefed up their checks and covered up huge losses of the company such as the $1.3 billion of pension fund money lost.
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