Ken Leech Agrees to $3 Million SEC Fine Over Cherry-Picking Case
Bloomberg 2026-10-06 23:22:30
Context: Ken Leech, the former co-chief investment officer at Western Asset Management Co., has agreed to a settlement with the US Securities and Exchange Commission over allegations of cherry-picking winning trades. The case involves Leech's actions while working at Western Asset Management Co. Leech will pay a fine of $3 million as part of the settlement.
Key Facts
- Ken Leech, former co-chief investment officer at Western Asset Management Co., agreed to pay a $3 million fine to settle the lawsuit.
- The US Securities and Exchange Commission claimed Leech had cherry-picked winning trades.