Ex-Bond Manager Leech Fined $3M by SEC
Former bond manager Kenneth Leech agreed to pay a three million dollar fine to settle a US Securities and Exchange Commission civil case regarding cherry picking. The settlement requires court approval and follows his guilty plea to an obstruction charge earlier this year.
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Former bond manager Kenneth Leech agreed to a $3 million fine on Tuesday to settle SEC civil charges following his guilty plea to obstruction in the United States. The penalty follows a $100 million civil settlement agreed to by his former employer, Western Asset Management Co, in June. The case centers on an alleged $600 million cherry-picking scheme that ran from January 2021 to October 2023.
