Franklin's Western Asset Management Settles SEC Case for $100 Million
Franklin's Western Asset Management has reached a settlement with the SEC, agreeing to pay $100 million.
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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."