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Monday, May 20, 2024 | Back issues
Courthouse News Service Courthouse News Service

Legg Mason Whacked for $21 Million in Fines

WASHINGTON (CN) - Western Asset Management, a subsidiary of California investment adviser Legg Mason, will pay $21 million to settle SEC and Labor Department complaints of concealing investor losses caused by a coding error and engaging in cross trading that favored some clients over others, the SEC said Monday.

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