Ken Leech Pleads Guilty to Obstructing SEC Probe Into Trades
Bloomberg.com • • general
Key Points:
- Ken Leech, former co-chief investment officer at Western Asset Management Co., pleaded guilty to lying to regulators during an investigation into his trading activities.
- The guilty plea was part of a last-minute deal with prosecutors, leading to the dropping of the most serious fraud charges against him.
- Leech admitted to lying to the US Securities and Exchange Commission during a court hearing in New York.
- The plea agreement, reached just days before his trial was set to begin, could result in a prison sentence of no more than one year.