MUFG Units May Be Penalized for Sharing Client Information
- Shared information on client companies without consent: people
- SESC is likely to take ‘firm action,’ finance minister says
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Mitsubishi UFJ Financial Group Inc. units are facing potential penalties for sharing non-public information on client companies without their permission, according to people familiar with the matter.
The Securities and Exchange Surveillance Commission is considering recommending administrative action against MUFG Bank, Mitsubishi UFJ Morgan Stanley Securities and Morgan Stanley MUFG Securities, said the people, who asked not to be identified because the matter is confidential.