MF Global East? Japanese regulators swoop in and close down the operations of AIJ Investment...

|By:, SA News Editor

MF Global East? Japanese regulators swoop in and close down the operations of AIJ Investment after investigators confirm that the firm can't account for ¥183B ($2.3B) of pension fund assets managed for a number of companies. The seriousness of the issue prompts the Financial Services Authority to say it will now check all 263 investment management firms in Japan.