Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Ken Leech Agrees to $3 Million SEC Fine Over Cherry-Picking Case
Business & Finance

Ken Leech Agrees to $3 Million SEC Fine Over Cherry-Picking Case

Bloomberg Markets Tuesday 06 October 2026, 23:22 UTC By Nicola M White 1 min read
Key Points

Ken Leech Agrees to $3 Million SEC Fine Over Cherry-Picking Case Ken Leech, the former co-chief investment officer at Western Asset Management Co., agreed to pay $3 million to settle a US Securities and Exchange Commission lawsuit claiming he’d cherry picked winning trades. Leech agreed to the penalty without admitting SEC allegations that he’d fraudulently steered more than $600 million in gains to favored clients while forcing losses on others, according to a court filing Tuesday.

Ken Leech Agrees to $3 Million SEC Fine Over Cherry-Picking Case Ken Leech, the former co-chief investment officer at Western Asset Management Co., agreed to pay $3 million to settle a US Securities and Exchange Commission lawsuit claiming he’d cherry picked winning trades. Leech agreed to the penalty without admitting SEC allegations that he’d fraudulently steered more than $600 million in gains to favored clients while forcing losses on others, according to a court filing Tuesday. The settlement must be approved by a judge. An attorney for Leech declined to comment.
Ken Leech (PERSON) Western Asset Management Co. (ORG) US (LOCATION) Securities and Exchange Commission (ORG) SEC (ORG) Leech (ORG)
Originally published by Bloomberg Markets Read original →

Related Stories

Taiwan Dethrones Korea Atop Global Markets as AI Trade Widens

Taiwan Dethrones Korea Atop Global Markets as AI Trade Widens As equity investors enter the final stretch of a pivotal year that’s propelled South Korea and Taiwan to the forefront of the global AI trade, the latter is emerging as the stronger bet. The Taiex Index beat the Kospi by about 23 percentage points last quarter, the widest margin since the turn of the century. Earnings upgrades also outpaced those for its Korean peer for the first time since March 2025.

Bloomberg Markets 17m ago

Costa the Garden Gnome plants seedlings for the future in Utju

Costa Georgiadis visits remote NT communities to teach kids about gardening and healthy foods In the garden of a yellow brick house that backs onto the ranges and riverbed that wrap around the remote community of Utju / Areyonga, Joy Kunia points to where she hopes a fruit tree will be planted in the soil. Her garden uses old washing machine tubs and the bottoms of wheelie bins as beds for her flowers — a small-scale, circular economy in the West MacDonnell Ranges, 200 kilometres west of...

ABC Australia 22m ago

From 'woke' ridicule to real car - new electric Jaguar unveiled

Two years after JLR relaunched Jaguar into a blizzard of controversy, it has unveiled its new electric car.

BBC Business 23m ago

Asset Management One to Boost Talent Spending 30% Over 3 Years

Asset Management One to Boost Talent Spending 30% Over 3 Years Asset Management One Co. plans to boost spending on talent over the next three years as rising Japanese interest rates broaden investment choices and push pension funds, university endowments and individuals to rethink how they allocate their money. The Tokyo-based asset manager expects to invest as much as ¥5 billion ($31.6 million) in personnel over the period, a rise of about 30% from the previous three-year period. The money...

Bloomberg Markets 25m ago