SECは、Western Assetの元共同CIOであるケン・リークに対する多様な期間にわたるチョコレートピッキングスキームについて最終判決を求める motion を提出しました。これは300万ドルのペナルティと役員および取締役の禁止措置を求めています。
なぜ重要か. 投資助言機関はクライアントの最大の利益のために行動する義務があり、このケースはその義務を果たさなかった結果を浮き彫りにしています。
The Securities and Exchange Commission today moved for entry of a final judgment by consent against Stephen Kenneth Leech II, the former co-chief investment officer of registered investment adviser Western Asset Management Company LLC, whom the SEC previously charged with a multi-year cherry-picking allocation scheme.
Without admitting the allegations in the SEC’s complaint, Leech consented to entry of a final judgment, subject to court approval, that would order him to pay a $3 million penalty, impose an officer-and-director bar and permanently enjoin him from violating antifraud provisions of federal securities laws. Leech also agreed to a forthcoming associational bar against him.
Leech consented to entry of a final judgment, subject to court approval, that would order him to pay a $3 million penalty
permanently enjoin him from violating antifraud provisions of federal securities laws
ordering the firm to pay a $100 million civil penalty
In June 2026, the Commission instituted settled public administrative proceedings against Western Asset, ordering the firm to pay a $100 million civil penalty
