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Regulatory

Former Western AM investment chief charged for 'cherry-picking'

The Securities and Exchange Commission (SEC) has charged former Western Asset co-chief investment officer Ken Leech for "engaging in a multi-year scheme to allocate favourable trades to certain portfolios."

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Read more: SECKen LeechSecurities and Exchange CommissionSanjay WadhwaWestern Asset ManagementAndrew DeanFederal Bureau of Investigation