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Legg Mason to pay $34M to resolve FCPA charge

Jaclyn Jaeger | August 28, 2018

Investment management firm Legg Mason will pay over $34 million to resolve a charge brought by the Securities and Exchange Commission that the company violated the Foreign Corrupt Practices Act in a scheme to bribe Libyan government officials, the SEC announced Aug. 27.

According to the SEC order, between 2004 and 2010, a former Legg Mason...

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