Accounting at Guggenheim unit was 'appropriate', executive tells Bloomberg News
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A manager from Guggenheim Partners spoke to Bloomberg News on Monday.
He said that the accounting of a unit of the company was correct.
American regulators are currently conducting an investigation into this unit.
Guggenheim thinks that the methods used were appropriate.
The unit in question manages important investments.
The company is working with the authorities to explain its situation.
Guggenheim Partners is a large asset management firm.
The new financial rules are often very complex.
This case shows the importance of transparency in finance.
The public is now waiting for the conclusions of the regulators.
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