The U.S. Securities and Exchange Commission ordered Franklin Templeton affiliate Western Asset Management Company (WAMCO) to pay a $100m civil penalty for failing to prevent misconduct by its former co-chief investment officer; WAMCO will administer the SEC fair fund.

2026-06-05

The U.S. Securities and Exchange Commission ordered Franklin Templeton affiliate Western Asset Management Company (WAMCO) to pay a $100m civil penalty for failing to prevent misconduct by its former co-chief investment officer; WAMCO will administer the SEC fair fund.