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Articles Posted in Legg Mason

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SEC-Registered Investment Adviser Agrees to $21 Million Penalty for Illegal Cross Trades and a Coding Error

Written by:  Jessica M. Brown The Securities and Exchange Commission (“SEC”) and the United States Department of Labor (“DOL”) announced sanctions today against Western Asset Management Company (“Western Asset”), a subsidiary of Legg Mason.  Western Asset is an SEC-registered investment adviser and reported $442.7 billion in assets under management as…