Franklin Suspends 3 In Probe
Franklin Improper Trading Of Its Fund. Franklin Resources Inc., the nation's fourth-largest mutual fund company, said Monday that it had suspended three employees after an internal review uncovered potentially improper trading of its fund shares. The San Mateo, Calif.-based firm, whose funds carry the brand name Franklin … [Read more...]
Franklin Punishes 3 Employees For Frequent Trading
Franklin Frequent-Trading Irregularities. Franklin Resources, the fourth-largest U.S. mutual fund company, said Monday that it has placed three employees on administrative leave for frequent-trading irregularities. The revelations, included in a filing with the Securities and Exchange Commission are the latest in the spreading … [Read more...]
Franklin Resources Gets More Subpoenas
Franklin Resources Received Subpoenas. Franklin Resources Inc. said Monday it has received additional subpoenas from federal investigators in connection with the ongoing mutual-fund trading probe. In its annual report filed Monday with the SEC, the mutual-fund manager said the U.S. Attorney for the Northern District of California, … [Read more...]
