Macro Finance
Ken Leech Agrees to $3 Million SEC Fine Over Cherry-Picking Case
Bloomberg Markets·October 6, 2026·1 min read
Ken Leech, former co-chief investment officer at Western Asset Management Co., agreed to pay $3 million to settle a US SEC lawsuit claiming he cherry-picked winning trades. The settlement resolves allegations that Leech allocated profitable trades to favored accounts while placing losing trades in others, a practice known as cherry-picking.
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