MutualFundWire.com: Franklin Templeton Settling with Canadian Regulators
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Tuesday, March 1, 2005

Franklin Templeton Settling with Canadian Regulators


Franklin-Templeton Investments Corp. has reached an initial settlement with the Ontario Securities Commission (OSC) over allegations that it allowed improper market-timing trades. The fund firm is a unit of Franklin Resources.

The OSC, which is the primary fund regulator in Canada, said it would consider the settlement at a hearing on Thursday.

The initial investigation into the trading was started in December.


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