Violation Tracker Individual Record
Company:Franklin Advisers, Inc.
Date:August 2, 2004
Offense Group:financial offenses
Primary Offense:investor protection violation
Secondary Offense:securities issuance or trading violation
Franklin Advisers, Inc. agreed to pay $50 million and undergo compliance reforms to settle allegations that it allowed rapid in-and-out trading, known as market timing, in mutual funds it managed, contrary to fund prospectus language.
Level of Government:federal
Action Type:agency action
Agency:Securities and Exchange Commission
Civil or Criminal Case:civil
HQ Country of Parent:USA
HQ State of Parent:California
Ownership Structure of Parent:publicly traded
Major Industry of Parent:financial services
Specific Industry of Parent:financial services
Source of Data:
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