Fidelity, Russell and SEI Quizzed by DOJ as Ken Leech Probe Ramps Up

What You Need To Know

• Money managers that used Western Asset Management to help invest their bond portfolios are being questioned by authorities.
• Western Asset Management, or Wamco, is owned by Franklin Resources.
• U.S. authorities are examining whether bond trader Ken Leech parceled out winning trades to favored clients at the expense of others.