Every story we've covered involving cherry-picking.
The Securities and Exchange Commission moved to enter a final consent judgment against Stephen Kenneth Leech II, the former co‑chief investment officer at Western Asset Management, over an alleged multi‑year cherry‑picking allocation scheme. The proposed judgment would require Leech to pay a $3 million penalty, accept an officer‑and‑director bar, and be permanently enjoined from violating federal antifraud provisions, subject to court approval.
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