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flag Franklin Resources (BEN) faces stock price drop due to internal investigation into Western Asset Management's trade practices, prompted by SEC and DOJ notifications.

flag Franklin Resources, known as BEN, faces a stock price drop following an internal investigation into Western Asset Management's trade practices. flag The investigation was prompted by notifications from the SEC and DOJ. flag In response, the company closed its $2bn Macro Opportunities strategy and placed co-CIO Ken Leech on leave after receiving a Wells Notice from the SEC. flag The company is cooperating with parallel government investigations.

8 months ago
19 Articles