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Stock impact report

Wamco Clients, Staff Head for Exits as Ken Leech Heads to Court [Yahoo! Finance]

Franklin Resources, Inc. (BEN) 
Last franklin resources, inc. earnings: 4/30 08:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
clients to celebrate the New Year by watching the Rose Parade from Wamco's balconies in Pasadena, California, and cheer on the firm's flower-bedecked entry, “Float Like a Butterfly.” The parade's theme is “Best Day Ever!” Most Read from Bloomberg Hong Kong's Expat Party Hub Reshaped by Chinese Influx How California Sees the World, and Itself City Hall Is Hiring London's Tube Fares Are Set to Rise by 4.6% Next Year American Institute of Architects CEO Resigns The same can't be said today for Wamco's star bond trader, Ken Leech. He's scheduled to appear in a Manhattan federal court Monday on fraud charges that have convulsed the investment firm and rippled through its owner, Franklin Resources Inc. Pension funds and other big clients have yanked vast sums since an investigation into his trading was disclosed in August — about $65 billion so far, with more withdrawals in the works. Inside Wamco, the staff is trying without much guidance from above to keep the firm operati Show less Read more
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