( October 6, 2026, 22:31 GMT | Official Statement) -- MLex Summary: The US Securities and Exchange Commission 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, over allegations of a multi-year cherry-picking allocation scheme. Without admitting the allegations in the SEC’s complaint, Leech consented to the entry of the final judgment, subject to court approval, that would order him to pay a $3 million penalty.Statement follows below. Document attached....
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