Tag: cherry_picking

SEC Seeks Final Judgment Against Former Western Asset Co-CIO Ken Leech in Cherry Picking Case

6 Oct 2026 5:51 p.m.

The SEC has moved for a final judgment by consent against Stephen Kenneth Leech II, former co-chief investment officer of Western Asset Management Company LLC, in its cherry picking case.

Business Law Enforcement USA Financial Markets Legal Banking Securities and Exchange Commission Ken Leech Western Asset Management Company LLC cherry picking final judgment investment adviser
Former Western Asset Management CIO Pleads Guilty to Obstructing Fraud Investigation

8 Jul 2026 3:52 p.m. · Source: FBI

Former WAMCO Chief Investment Officer S. Kenneth Leech II pleaded guilty to obstructing an SEC investigation into his $600 million 'cherry-picking' scheme, favoring some clients while causing losses for others. He faces up to five years in prison.

Business Law Enforcement Politics and Government Financial Markets Legal Federal Government Economy S. Kenneth Leech II Western Asset Management Company Obstruction of Justice Investment Fraud SEC Cherry-picking Financial Crime FBI