Franklin Resources' Western Asset pays $100M SEC penalty, ends probes

FRANKLIN RESOURCES INC

Western Asset reached SEC settlement: pays $100M civil penalty into Fair Fund, no admission of wrongdoing.
DOJ notified Western Asset it is no longer a subject of its investigation, taking no further action.
Settlement resolves all SEC and DOJ investigations into trade allocation allegations involving former co-CIO Ken Leech.
Western Asset states settlement avoids prolonged litigation, allowing focus on clients.

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