Western Asset Management to Pay $100M Fine Over Former CIO’s Alleged Cherry-Picking Scheme
The Franklin Resources subsidiary will resolve a federal investigation into the firm over the trading practices of former Co-CIO Ken Leech.
Tag: Securities and Exchange Commission
Regulation
Digital Assets Regulation Central to SEC 5-Year Plan
The agency called for ‘legal certainty’ on blockchain and crypto asset technologies, while also prioritizing a reduction in mandatory corporate disclosures.
Newsmakers
Commissioner Hester Peirce to Step Down From SEC
The Securities and Exchange Commissioner will join Regent University as a faculty member.
Regulation
Bill Targeting Proxy Advisers Advances From House Committee
The legislation aims to curb required disclosures tied to political, social or environmental priorities unless they affect investment or voting decisions.
Regulation
SEC, CFTC Propose Reduced Reporting Requirements for Private Funds
The changes would undo enhanced requirements put in place under former President Joe Biden.
Newsmakers
Former Regional Director to Return to SEC as Head of Enforcement
Securities lawyer David Woodcock will return to the Securities and Exchange Commission to lead the division, effective May 4.
Regulation
Proposed Federal Budget for Fiscal 2027 Would Cut Staff, Funds for SEC, CFTC
The plan would further affect agencies already grappling with reduced staffing.
Regulation
SEC Enforcement Division Director Steps Down
Margaret Ryan is succeeded by Sam Waldon, who has returned to the role of acting director.
Newsmakers
Manager Who Stole Millions From Pension Clients Files for Congressional Run
Alan Bond was convicted in 2003 for stealing millions in kickback and cherry-picking schemes. Now he is running for a House seat as an independent in New Jersey. Bond says much has changed since then.
Regulation
Senate Committee Advances Digital Asset Market Structure Bill in Party-Line Vote
Democratic opposition appears likely to hold up the legislation as it moves forward.
Regulation
SEC Chair Atkins Argues to Reform Company Disclosure Requirements
The change would be one of three pillars on which the first-year chair intends to base attempts to deregulate financial markets.
Regulation
Investors, Pension Funds Blast SEC’s Green Light for Forced Arbitration
More than 60 institutional investors managing a combined $8 trillion wrote a letter strongly opposing the Securities and Exchange Commission’s position.
Regulation
SEC Changes Draw Mixed Reactions
While companies have gained flexibility, Oregon’s treasurer is worried about consequences and termed the Securities and Exchange Commission’s decisionmaking process ‘atrocious.’
Market Moves
Trump Calls for Semiannual Reporting Instead of Quarterly Schedules
The president, in a social media post, suggested that public companies should report every six months, similar to the process used in the EU and other jurisdictions.
Newsmakers
Margaret Ryan Named Director of SEC’s Enforcement Division
The Marine lawyer and U.S. Armed Forces Court of Appeals judge’s appointment is effective September 2.