Asset manager Legg Mason Inc. will pay more than $34 million to settle the SEC allegations that the firm engaged in a bribery scheme via government officials in Libya that was in clear violation of the Foreign Corrupt Practices Act (FCPA). Legg Mason is charged with violating “the internal accounting controls provision of the Securities… Read More >>
Bill Miller Parts Company with Legg Mason
Miller Acquires LMM from Legg Mason Noted fund manager Bill Miller is leaving asset manager Legg Mason via an agreement in which Miller will acquire all of Legg Mason’s interests in LMM LLC (LMM), according to Legg Mason officials. Miller’s successful stockpicking run during the 1990’s helped raise the profile of Legg Mason. The agreement… Read More >>
Have a Great Thanksgiving and Enjoy Our SMAC Chats
Financial Technologies Forum (FTF) and its news division FTF News will be closed Thursday and Friday, so that we can take a short break over the Thanksgiving holiday weekend. We will be returning with hot news for the Monday morning after Thanksgiving. But, in the meantime, we will be offering extremely useful content for the… Read More >>
