December 3, 2024/US SEC On November 25, 2024, the Securities and Exchange Commission charged Stephen Kenneth (“Ken”) Leech, the former co-chief investment officer (CIO) of registered investment adviser Western Asset Management Company LLC or WAMCO, for engaging in a multi-year scheme to allocate favorable trades to certain portfolios, while allocating […]
Frauds & Scandals
SEC Charges Former CEO of Biotherapeutics Company with Misleading Investors about Status of FDA Reviews
December 3, 2024/US SEC The Securities and Exchange Commission today filed settled charges against Maurizio Chiriva-Internati, the former CEO of Houston-based biotherapeutics company, Kiromic BioPharma, Inc., for failing to disclose material information about Kiromic’s two cancer fighting drug candidates before, during, and after a July 2, 2021 follow-on public offering […]
SEC Charges Ken Leech, Former Co-Chief Investment Officer of Western Asset Management Co., with Fraud
Defendant allegedly engaged in cherry-picking, allocating hundreds of millions of dollars in net first-day gains and losses to favored and disfavored portfolios, respectively November 25, 2024/US SEC The Securities and Exchange Commission today announced fraud charges against Stephen Kenneth (“Ken”) Leech, the former co-chief investment officer (CIO) of registered investment […]
