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” …
Continue reading “Mitigating Risk in Asset Management: Key Lessons from the Ken Leech SEC Case”