Mitsubishi UFJ Financial Group, Inc.'s (MUFG) banking and securities units have been penalized by Japan's financial regulator for breaching the regulations governing client confidentiality. MUFG Bank Ltd., Morgan Stanley MUFG Securities Co. and Mitsubishi UFJ Morgan Stanley Securities Co. units are directed by the Financial Services Agency ("FSA") to reinforce its compliance measures, per Reuters. This order came to light following an investigation that identified several breaches of "firewall" regulations. ...