JAPAN’S SBI HOLDINGS ORDERED TO SUSPEND OPERATIONS BY FSA

Highlights –

• Japan’s SBI Holdings ordered to suspend operations by FSA.
• The unit had solicited funds from investors with false or misleading information.
• The company had collected 20.7 billion yen ($190 million) from investors in two years from Nov. 2018.
• The company last month had decided to withdraw from the social lending business.

Japan's ....