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SoftBank facing SEC inquiry over alleged Arora conflicts: sources

Shares in firm fall as much as 3% following news; stock finishes 0.3% lower in Tokyo

Mr Arora (above) said last week that he decided to step down after founder Masayoshi Son told him he wouldn't be promoted to the CEO job at SoftBank next year as the two had previously discussed.

New York

US regulators are examining SoftBank Group Corp over allegations about Nikesh Arora's activities before he resigned as president last week, according to people familiar with the matter.

The Securities and Exchange Commission (SEC) office in Los Angeles is looking into