The Importance of Ethical Compliance Practices in Asset Management

With the financial industry facing increasing scrutiny and evolving regulatory frameworks, maintaining ethical compliance in asset management has become a fundamental necessity. As regulatory scrutiny intensifies and investor expectations shift towards greater transparency and accountability, Chief Compliance Officers (CCOs) and Chief Operating Officers (COOs) play a crucial role in ensuring that their firms uphold the …

Mitigating Risk in Asset Management: Key Lessons from the Ken Leech SEC Case

In the world of asset management, the recent charges against Ken Leech, the former Co-Chief Investment Officer of Western Asset Management Co., serve as a stark reminder of the critical importance of adhering to meticulous trade allocation processes. The Securities and Exchange Commission’s (SEC) announcement in November 2024 highlighted Leech’s fraudulent activities—allegedly engaging in “cherry-picking” …