sec whistleblower attorneys
September 27, 2018
Zachary Harrison, Putnam Investment Management, LLC
Trading and Pricing
SANCTION AMOUNT: $2145000
Defendants: Putnam Investment Management, LLC
Zachary Harrison
The Commission found that Respondents, an investment adviser and one of its former portfolio managers, facilitated dozens of prearranged, illegal cross-trades of RMBS between client advisory accounts in a manner that disadvantaged the selling clients. Trades were executed at the bid price instead of the midpoint between the bid and the ask as required.
- Key Docs
- Official SEC press release
