The investigators» report this week traced a web of offshore companies set up
by Olympus and a network of mostly Japanese
financial advisers that were used to hide 118 billion yen ($ 1.5 billion) of losses dating back to the
1990s.
From that initial focus on
financial planning, we expanded our efforts to include holding brokers to a fiduciary standard when they hold themselves out as
advisers or as providing
financial planning, which had become quite common
by the
1990s.