Thornburg Securities LLC

Thornburg Securities LLC is a wholly owned subsidiary of Thornburg Investment Management, LLC, specializing in securities activities. The firm operates in the investment management sector and offers a range of financial services tailored for both institutional and individual clients.

CCI Score

-18.85

0.08% May 31

Latest Event

Jury Verdict Upholds Thornburg Despite Retaliation Allegations

A Santa Fe jury ruled in favor of Thornburg Investment Management in a civil case where a former account manager accused the firm of retaliatory firing after reporting sexual favoritism allegations against senior leadership. The nine‐day trial concluded with the verdict dismissing claims of wrongful termination.

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ENABLER

Thornburg Securities LLC is currently rated as an Enabler.

-10 to -19 CCI Score

Companies in this segment facilitate authoritarian practices while claiming neutrality. They provide resources or support that indirectly bolster oppressive regimes, thereby undermining democratic accountability without overtly endorsing the regime.

Latest Events

JUN

06

2023

Jury Verdict Upholds Thornburg Despite Retaliation Allegations
-16.39

A Santa Fe jury ruled in favor of Thornburg Investment Management in a civil case where a former account manager accused the firm of retaliatory firing after reporting sexual favoritism allegations against senior leadership. The nine‐day trial concluded with the verdict dismissing claims of wrongful termination.
-20

Labor Relations and Human Rights Practices

April 1

Although the jury ruled in favor of Thornburg, the underlying allegations—that an employee was terminated in retaliation for reporting sexual favoritism—raise concerns about the firm’s treatment of workers and internal ethical practices. From an anti-fascist perspective, incidents reflecting potential retaliation against whistleblowers and marginalized voices warrant scrutiny.

Jurors decide in favor of Thornburg in former employee's civil case
MAR

13

2012

SEC Charges Thornburg Executives for Fraudulent Accounting
-21.31

The SEC charged three former Thornburg executives with conspiring to overstate the firm's income by more than $400 million in 2007, a move that concealed severe liquidity problems and contributed to the company's financial collapse. The charges, part of a broader crackdown following the financial crisis, spotlight unethical business practices that misled investors and stakeholders.
-80

Business Practices and Ethical Responsibility

April 1

The SEC's charges indicate deliberate misrepresentation and concealment of financial distress by Thornburg executives, reflecting deeply unethical business practices. Such fraudulent behavior undermines transparency, erodes investor trust, and contributes to systemic instability. From an anti-fascist lens, these actions demonstrate a prioritization of corporate gain over accountability and the welfare of stakeholders.

SEC charges 3 Thornburg executives with fraud | AP News