February 24, 2012 / 1:16 AM / 7 years ago

Japan regulator orders AIJ investment to halt operations

TOKYO, Feb 24 (Reuters) - Japan’s financial regulator has ordered AIJ Investment Advisors Co to halt operations for a month, Financial Services Minister Shozaburo Jimi told media on Friday.

The Securities and Exchange Surveillance Commission found that AIJ had faked investment reports to clients in a long-running fraud, and most of the 200 billion yen ($2.49 billion)involved was lost, the Nikkei business daily reported earlier the day. ($1 = 80.1950 Japanese yen) (Reporting by Noriyuki Hirata)

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