Western Asset Management Company
Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2024
SEC cherry-picking allegations involving Ken Leech
In November 2024, the SEC announced fraud charges against Ken Leech, identified as a co-chief investment officer of Western Asset. The regulator alleged that he participated in a multiyear scheme that directed favorable trades to selected portfolios and unfavorable trades to others. The SEC described this conduct as cherry-picking.