Japan's securities watchdog is investigating a small Tokyo-based broker, ITM Securities Co, over its possible role in a scandal involving the suspected disappearance of more than $2 billion in corporate pension funds, two sources with knowledge of the matter said.
Tokyo-based AIJ Investment Advisors was ordered to halt operations on Friday on suspicion that it has lost most of the roughly 210 billion yen in assets it managed on behalf of clients, mainly smaller firms.
(cbsnews.com)
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