Key Takeaways Ken Leech, the co-CIO of a Franklin Resources unit, took a leave of absence after receiving a Wells Notice from the Securities and Exchange Commission (SEC). The departure came as the company and federal regulators have been investigating certain past trade allocations in some Western Asset Management accounts. Western Asset said in light of Leech's exit, it has closed its Macro Opportunities fund in what it called the "best interests" of clients. Franklin Resources (BEN) was the worst-perform ...