Violation Tracker Individual Record
Company:Western Asset Management Company
Date:January 27, 2014
Offense Group:financial offenses
Primary Offense:investor protection violation
Western Asset Management, a susidiary of Legg Mason, agreed to settle allegations of concealing investor losses that resulted from a coding error and engaging in cross trading that favored some clients over others.
Level of Government:federal
Action Type:agency action
Agency:Securities and Exchange Commission
Civil or Criminal Case:civil
HQ Country of Parent:USA
HQ State of Parent:California
Ownership Structure of Parent:publicly traded
Major Industry of Parent:financial services
Specific Industry of Parent:financial services
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