03:23 PM EDT, 06/04/2026 (MT Newswires) -- Franklin Resources' ( BEN ) Western Asset Management may reach a settlement of at least $100 million with the US Securities and Exchange Commission to resolve an investigation into trading practices tied to Ken Leech, a onetime top manager, Bloomberg News reported Thursday, people with knowledge of the matter

The settlement, which relates to the SEC's investigation of trade allocations at Wamco, may be announced in the coming days, though details are still under review, the report said.

Franklin Resources ( BEN ) did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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