TOKYO -- The reported investigation by U.S. regulators into former SoftBank Group President Nikesh Arora comes on the heels of shareholder accusations of conflicts of interest and insider trading that may force the Japanese company to clear the air.
The inquiry by the Securities and Exchange Commission is preliminary and does not mean that Arora or SoftBank has been accused of wrongdoing, according to American news reports Thursday. The watchdog could quickly decide that nothing is amiss. Should it launch a full-fledged investigation instead, SoftBank would be asked to cooperate and volunteer relevant information.
