Defendant Name: Franklin Advisers, Inc.

Defendant Type: Subsidiary of Public Company
Public Company Parent: Franklin Resources Inc.
SIC Code: 6282
CUSIP: 35461310

Initial Case Details

Legal Case Name In the Matter of Franklin Advisers, Inc. and Franklin/ Templeton Distributors, Inc.
First Document Date 13-Dec-2004
Initial Filing Format Administrative Action
File Number 3-11769
Allegation Type Broker Dealer

Violations Alleged

Other
• Section 206(2) Advisers Act; Sections 17(d), 34(b) Investment Company Act; Rule 17d-1 Investment Company Act
Additionally, Franklin/ Templeton Distributors, Inc. is alleged to have aided and abetted Franklin Advisers, Inc.'s violation of Section 206(2) Advisers Act (willfully/knowingly).
Franklin/ Templeton Distributors, Inc. is alleged to have caused Franklin Advisers, Inc.'s violation of Section 206(2) Advisers Act (willfully/knowingly).

Resolutions

First Resolution Date 13-Dec-2004
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

34-50841A 13-Dec-2004 Administrative Proceeding
Corrected Order Instituting Administrative and Cease-and-Desist Proceedings, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order Pursuant to Sections 203(e) and 203(k) of the Investment Advisers Act of 1940, Sections 9(b) and 9(f) of the Investment Company Act of 1940, and Section 15(b) of the Securities Exchange Act of 1934
The Commission stated: "Between 2001 and 2003, Franklin Templeton Investments (“Franklin” or “FT”), a global mutual fund complex, entered into inadequately disclosed agreements with 39 broker-dealer firms. . . . By engaging in the inadequately disclosed practice of using fund assets for shelf space, FA and FTDI violated the securities laws. FA and FTDI also violated the law by not ensuring that the commission payments for shelf space were assets of the specific fund promoted by the broker-dealer."

Other Defendants in Action:

Franklin/ Templeton Distributors, Inc.