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Franklin's Wamco to Pay $100 Million in SEC Settlement
Western Asset Management Company (Wamco), a subsidiary of Franklin Resources, has agreed to pay $100 million in a settlement with the US Securities and Exchange Commission (SEC). The settlement addresses allegations related to "leech trades."
5 Jun, 13:21 — 5 Jun, 13:23
The Story
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Source Diversity
Source Diversity
Moderate (42/100)3 sources25/33
Spectrum spread— 2/5 buckets covered8/33
Far L
Left
Center2
Center (2)
bloombergFT
Right1
Right (1)
seeking-alpha
Far R
Geographic diversity— 2 regions9/34
US2UK1
Sources
Showing 2 of 3 sources
FTVery High1d ago
Franklin’s Western Asset Management agrees $100mn settlement with SEC
Agreement with Wall Street watchdog resolves investigation into one of fund manager’s star traders
Read full article →seeking-alphaMixed1d ago
Franklin Resources' Wamco to pay $100M in SEC settlement
Read full article →Coverage Timeline
First report: FT · 5 Jun, 13:21|Full coverage: 3 · 16m|Window: 16m
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