Defendant Name:
Franklin Advisers, Inc.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Franklin Resources Inc.
SIC Code:
6722
CUSIP:
35461310
Document Reference:
IA-5531
Document Details
Legal Case Name
In the Matter of Franklin Advisers, Inc., and Franklin Templeton Investments Corp.
Document Name
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Section 9(f) of the Investment Company Act of 1940 and Sections 203(e) and 203(k) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
02-Jul-2020
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
On July 2, 2020, the SEC instituted settled cease-and-desist proceedings against Franklin Advisers, Inc., and Franklin Templeton Investments Corp. The SEC stated: "These proceedings arise out of FAV and FTIC causing certain funds they managed to violate Section 12(d)(1)(A) of the Investment Company Act ("Section 12(d)(1)(A)"), which limits an investment company's ownership interests in other investment companies."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$250,000.00
Shared:
Other Defendants in Action:
