Japan watchdog says Deutsche Bank unit violated rules with pension entertainment
TOKYO Dec 5 (Reuters) - Japan's securities watchdog said on Thursday it had found that a Tokyo-based unit of Deutsche Bank had violated financial regulations by lavishly entertaining pension fund clients who are considered public employees under the law.
The Securities Exchange and Surveillance Commission said employees of Deutsche Securities had spent more than 6 million yen ($58,400) to entertain executives at three employee pension funds, providing "special benefits" to those clients in violation of Japan's financial laws.
- Malaysia military source says missing jet veered to west |
- Ukraine appeals to West as Crimea turns to Russia |
- Malaysia air probe finds scant evidence of attack: sources |
- UPDATE 1-Missing Malaysian plane last seen at Strait of Malacca-source
- CIA accused of spying on U.S. Senate intelligence committee