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Kanto Local Finance Bureau Revokes Select Asset Management’s Investment Advisory Registration

Japan’s Financial Services Agency confirmed the revocation under the Financial Instruments and Exchange Act, signaling stricter oversight of licensed investment advisers.

Summary

Japan’s Kanto Local Finance Bureau has revoked the registration of Select Asset Management Inc. for conducting investment advisory and agency services in violation of the Financial Instruments and Exchange Act. The Financial Services Agency published the decision on its official website, indicating a tightening stance on compliance among financial firms operating within Japan’s securities and investment market.

Terms & Concepts
  • Financial Instruments and Exchange Act: Japan’s primary legislation governing securities trading, investment services, and financial market regulation.
  • Financial Services Agency (FSA): Japan’s national financial regulator responsible for ensuring stability and compliance in banking, securities, and insurance sectors.
  • Kanto Local Finance Bureau: A regional division of Japan’s Ministry of Finance overseeing financial institutions and regulatory enforcement in the Kanto area.