Oct 11, 2013

FSA orders Abraham Private Bank to suspend business for six months

The Financial Services Agency on Friday ordered Abraham Private Bank to suspend business for six months with immediate effect, saying the Tokyo-based investment adviser sold investment products without registering itself for the sales. However, the FSA will allow Abraham to accept investment cancellations in ...

Oct 4, 2013

SESC advises FSA to punish Abraham Bank

The Securities and Exchange Surveillance Commission has recommended the Financial Services Agency issue administrative punishment to Abraham Private Bank Ltd. for unlicensed sales of investment products. Given Thursday’s recommendation, the FSA will consider punishing the Tokyo-based investment advisory firm, which offers a private pension ...