The U.S. Securities and Exchange Commission (SEC) announced that Franklin Templeton's Western Asset Management (WAMCO) will pay a $100 million civil penalty for failing to prevent the actions of its former co-chief investment officer. WAMCO will now

2026-06-05

The U.S. Securities and Exchange Commission (SEC) announced that Franklin Templeton's Western Asset Management (WAMCO) will pay a $100 million civil penalty for failing to prevent the actions of its former co-chief investment officer. WAMCO will now manage the Fair Fund.