Topic - Legg Mason Inc.

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  • FILE - In this Dec. 5, 2008 file photo, people exit the Legg Mason Building in Baltimore. Legg Mason Inc.  A subsidiary of investment firm Legg Mason Inc. has agreed to pay about $21 million to settle U.S. government claims that it concealed losses to investors and engaged in prohibited transactions that favored some clients over others. (AP Photo/Rob Carr, File)

    Legg Mason paying $21M in government settlements

    A subsidiary of investment firm Legg Mason Inc. has agreed to pay about $21 million to settle U.S. government claims that it concealed losses to investors and engaged in prohibited transactions that favored some clients over others.

  • Legg Mason CEO to step down, temporary CEO named

    Legg Mason's chairman and CEO Mark Fetting, who led the money manager through the difficult years during and after the financial crisis, will step down Oct. 1.

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