August 28, 2018 BY Valentina Kirilova
Legg Mason Inc. fined over $34 million by SEC
The Securities and Exchange Commission (SEC) has announced that Legg Mason Inc. will pay over $34 million to resolve an SEC charge that the company violated the Foreign Corrupt Practices Act (FCPA) in a scheme to bribe Libyan government officials. According to the SEC’s order, between 2004 and 2010, a former Legg Mason asset management…
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