{"id":4365,"date":"2007-01-19T09:38:04","date_gmt":"2007-01-19T09:38:04","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/01\/former_putnam_ceo_agrees_to_pa"},"modified":"2022-03-28T12:43:25","modified_gmt":"2022-03-28T17:43:25","slug":"former-putnam-ceo-agrees-to-pa","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/former-putnam-ceo-agrees-to-pa\/","title":{"rendered":"Former Putnam CEO Agrees To Pay $75,000 In SEC Charges"},"content":{"rendered":"

Lawrence Lasser, the former CEO of Putnam LLC, has agreed to pay $75,000 to settle SEC charges that he neglected to make sure the company carried out its fiduciary duties.<\/p>\n

The Securities and Exchange Commission issued the following statement on January 9, the day that Lasser agreed to pay the settlement fee. According to the SEC, Lasser “did not ensure that Putnam fulfilled its fiduciary duty to disclose adequately to the Putnam Funds’ board of trustees the use of fund brokerage commissions to pay for ‘shelf space’ arrangements or potential conflicts of interest created by this use.”<\/p>\n

By agreeing to pay the settlement fine, however, Lasser is not admitting or denying the SEC’s charges against him.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Lawrence Lasser, the former CEO of Putnam LLC, has agreed to pay $75,000 to settle SEC charges that he neglected to make sure the company carried out its fiduciary duties. The Securities and Exchange Commission issued the following statement on January 9, the day that Lasser agreed to pay the settlement fee. According to the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3799],"tags":[],"class_list":["post-4365","post","type-post","status-publish","format-standard","hentry","category-mutual-funds"],"yoast_head":"\nFormer Putnam CEO Agrees To Pay $75,000 In SEC Charges — Investor Lawyers Blog — January 19, 2007<\/title>\n<meta name=\"description\" content=\"Lawrence Lasser, the former CEO of Putnam LLC, has agreed to pay $75,000 to settle SEC charges that he neglected to make sure the company carried out its — January 19, 2007\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/former-putnam-ceo-agrees-to-pa\/\" \/>\n<meta name=\"twitter:card\" 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