The former CFO and Treasurer of Legg Mason's fixed income funds has been barred from the securities industry for altering books and records of one of the funds. Frances Guggino was also ordered by the SEC to pay a civil penalty of $15,000.
Guggino resigned in June 2010 during the course of an internal investigation that revealed the document alteration, which appears to have been motivated by a desire to cover up a mistake.
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