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AFMEโ€™s European AML Conference 2026

$100 Million Civil Penalty on Western Asset Management

Wall Streetโ€™s securities watchdog is all set to be paid byย Franklin Templetonโ€™s Western Asset Management aย $100 million civil penalty to settle an inquiry into one of its previous star bond investors, Ken Leech. Apparently, besides the $100 million civil penalty, the US prosecutors had already charged Leech in November 2024 with criminal fraud, saying thatย he ran a $600 mn cherry-pickingย scheme that wrongly allocated trades to specific Western Asset Management portfolios. His trial is due to start on June 15. The fixed-income manager, which had assets under management of about $229 billion as of March 2026, had notย been able to take...

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Group Treasurers\\\' Exchange 2026
AFME\\\\\\\\\\\\\\\'s European Compliance and Legal Conference 2026
AFMEโ€™s European AML Conference 2026
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100 Million Civil Penalty

$100 Million Civil Penalty on Western Asset Management

Wall Streetโ€™s securities watchdog is all set to be paid byย Franklin Templetonโ€™s Western Asset Management aย $100 million civil penalty...

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