United States Securities and Exchange Commission.
U.S. federal agency that enforces securities laws and regulates securities markets and major market participants (public companies, brokers, exchanges, and asset managers)
SEC Seeks $3 Million Judgment Against Leech
The SEC is seeking court approval of a consent judgment requiring former Western Asset co-CIO Ken Leech to pay a $3 million penalty and face securities-industry restrictions over an alleged trade-allocation scheme that steered gains to favored clients and losses to others; Leech did not admit the allegations. Combined with Western Asset’s $100 million settlement, the resolutions are expected to provide $103 million in relief to affected investors.
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About United States Securities and Exchange Commission
The United States Securities and Exchange Commission (SEC) is a quasi independent agency of the United States federal government, created in the aftermath of the Wall Street crash of 1929. Its primary purpose is to enforce laws against market manipulation.
Everything about United States Securities and Exchange Commission →- Country
- United States
- Headquarters
- Washington, D.C.
- Inception
- June 6, 1934
- Website
- http://www.sec.gov/
