Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Franklin Templeton Disciplines Three Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, December 22, 2003

Franklin Templeton Disciplines Three

by: Nicole Halsey

Franklin Templeton Resources has placed three employees on 'administrative' leave as the company continues its investigation into mutual fund trading irregularities at the firm.

According to various news reports, the company began its investigation after disclosing in a SEC filing that some of its current and former employees engaged in market timing in some of its funds in their 401(k) accounts.

"These individuals include one trader and one officer of the funds," the company said in a statement. "Two individuals have been placed on administrative leave and the officer has resigned from his positions with the funds."

Also, pending the completion of an investigation, another officer of a subsidiary could be placed on administrative leave.

Lisa Gallegos, a spokeswoman for the company, told Reuters that the officer with the subsidiary was different from the officer mentioned in the SEC filing, and three people in total were placed on administrative leave.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use