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Franklin Resources' Wamco to pay $100 million SEC fine over former star manager's trades
Western Asset Management, a unit of Franklin Resources, will pay $100 million to settle SEC charges tied to a $600 million cherry-picking scheme by former CIO Kenneth Leech. The firm did not admit wrongdoing. Leech faces criminal trial, while regulators cited failures in oversight and fair trade allocation practices.
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economictimes.indiatimes.com
Franklin Resources' Wamco to pay $100 million SEC fine over former star manager's trades
Western Asset Management, a unit of Franklin Resources, will pay $100 million to settle SEC charges tied to a $600 million cherry-picking scheme by former CIO Kenneth Leech. The…
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cryptobriefing.com
Western Asset Management Company fined $100M by SEC for misconduct
The SEC fined Western Asset Management Company $100M for failing to prevent its former co-CIO's cherry-picking scheme that ran from 2021 to 2023.
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Franklin's Western Asset Management agrees to $100M SEC settlement over cherry-picking scheme
Western Asset Management, a Franklin Resources subsidiary, will pay $100M to the SEC over a cherry-picking scheme by its former co-CIO Ken Leech.