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DOJ, SEC charge ex-WAMCO CIO Ken Leech with fraud

Ken Leech
Ken Leech. Photo: Michael Tullberg

Alexander Barzacanos

2 min read
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The charges allege that Leech effectively siphoned money from unfavored portfolios into favored ones.

Ken Leech, the former Chief Investment Officer of Western Asset Management (WAMCO), has been charged with fraud by the SEC and DOJ in parallel actions.

The agencies allege that between 2021 and 2023 Leech engaged in a “cherry-picking” scheme by assigning trades to certain portfolios hours after they were placed. This

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