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Violation Tracker Individual Record

Company: Legg Mason Inc.
Current Parent CompanyFranklin Resources
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Penalty: $34,500,000
Year: 2018
Date: August 27, 2018
Offense Group: competition-related offenses
Primary Offense: Foreign Corrupt Practices Act
Violation Description: Legg Mason Inc. agreed to pay over $34 million to resolve an SEC charge that the company violated the Foreign Corrupt Practices Act in a scheme to bribe Libyan government officials.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.