New York, Nov 25 (Reuters) - The U.S. Securit

Breakings · Nov 25 17:18

New York, Nov 25 (Reuters) - The U.S. Securities and Exchange Commission on Monday Charged Kenneth Leech, the Former Co-Chief Investment Officer of Western Asset Management Co ("Wamco"), With Running a Fraudulent "Cherry-Picking" Scheme.

In a Complaint Filed in Manhattan Federal Court, the SEC Said That Between Jan. 2021 and Oct. 2023, Leech Disproportionately Allocated Better Performing Trades Favored Portfolios, and Worse Performing Trades to Other Portfolios.

Wamco Is Part of Franklin Resources Ben.n.

(Reporting by Jonathan Stempel in New York)

((Jon.stempel@Thomsonreuters.com; +1 646 223 6317; Reuters Messaging: Jon.stempel.thomsonreuters.com@Reuters.net))

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.

Risk Disclaimer