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Violation Tracker Current Parent Company Summary
Current Parent Company Name: Franklin Resources
Ownership Structure: publicly traded (ticker symbol BEN)
Headquartered in: California
Major Industry: financial services
Specific Industry: financial services
Penalty total since 2000: $341,288,720
Number of records: 21
| Top 5 Offense Groups (Groups Defined) | Penalty Total | Number of Records |
| financial offenses | $207,715,468 | 16 |
| competition-related offenses | $98,700,000 | 2 |
| employment-related offenses | $34,873,252 | 3 |
| Top 5 Primary Offense Types | Penalty Total | Number of Records |
| investor protection violation | $207,715,468 | 16 |
| Foreign Corrupt Practices Act | $98,700,000 | 2 |
| benefit plan administrator violation | $34,850,000 | 2 |
| Family and Medical Leave Act | $23,252 | 1 |
Notes: Parent-subsidiary linkages are based on relationships current as of the latest revision listed in the
Update Log, which may vary from what was the case when a violation occurred. The penalty totals are adjusted to account for the fact that the individual entries below may include both agency records and settlement announcements for the same case; or else a penalty covering multiple locations may be listed in the individual records for each of the facilities. The totals are also adjusted to reflect cases in which federal and state or local agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the list below.
Links: For a summary of this company's regulatory penalties in more than 50 other countries, see its Violation Tracker Global summary page
here.
Subsidy Tracker data on financial assistance to this company by federal, state and local government agencies can be found
here.
Individual Penalty Records:
Click on the company or penalty amount for more information on each case.
| Company | Primary Offense Type | Year | Agency | Penalty Amount  |
| Legg Mason Inc. | Foreign Corrupt Practices Act | 2018 | DOJ_CRIMINAL | $64,200,000 |
| Putnam Investment Management LLC | investor protection violation | 2004 | SEC | $55,000,000 |
| Franklin Advisers, Inc. | investor protection violation | 2004 | SEC | $50,000,000 |
| Putnam Investment Management, LLC | investor protection violation | 2005 | SEC | $40,000,001 |
| Legg Mason Inc. | Foreign Corrupt Practices Act | 2018 | SEC | $34,500,000 |
| Western Asset Management Company | benefit plan administrator violation | 2014 | EBSA | $21,000,000 |
| Franklin Advisers, Inc. and Franklin Templeton Distributors, Inc. | investor protection violation | 2004 | SEC | $20,000,000 |
| Western Asset Management Company | investor protection violation | 2014 | SEC | $19,400,000 |
| Franklin/Templeton Distributors, Inc. | investor protection violation | 2004 | CA-AG | $18,000,000 |
| Franklin Resources, Inc. | benefit plan administrator violation | 2019 | private lawsuit-federal | $13,850,000 |
| Legg Mason Wood Walker, Inc. | investor protection violation | 2004 | SEC | $2,315,467 |
| Putnam Investment Management, LLC | investor protection violation | 2018 | SEC | $1,000,000 |
| Legg Mason Wood Walker, Incorporated | investor protection violation | 2005 | SEC | $1,000,000 |
| Putnam Investment Management, LLC | investor protection violation | 2007 | SEC | $350,000 |
| Franklin Advisers and Inc. | investor protection violation | 2020 | SEC | $250,000 |
| Putnam Retail Management Limited Partnership | investor protection violation | 2007 | FINRA | $175,000 |
| Franklin Templeton Investments Corp. | investor protection violation | 2020 | SEC | $75,000 |
| Western Asset Management Co. | investor protection violation | 2001 | SEC | $50,000 |
| Legg Mason Fund Adviser, Inc. | investor protection violation | 2001 | SEC | $50,000 |
| Legg Mason Wood Walker, Incorporated | investor protection violation | 2001 | SEC | $50,000 |
| Franklin Templeton Distributors, Inc. | Family and Medical Leave Act | 2016 | WHD | $23,252 |
