U.S. Criminal Probe Into WAMCO Reportedly Focuses On 'Cherry-Picking'
Portfolio Pulse from Benzinga Newsdesk
A U.S. criminal investigation is reportedly focusing on WAMCO for alleged 'cherry-picking' practices. This could have implications for Franklin Resources, Inc. (BEN), which is associated with WAMCO.
August 21, 2024 | 7:08 pm
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Franklin Resources, Inc. (BEN) may be impacted by a U.S. criminal investigation into WAMCO for alleged 'cherry-picking'. This could affect investor confidence and regulatory scrutiny.
The investigation into WAMCO's 'cherry-picking' practices could lead to negative sentiment and increased regulatory scrutiny for Franklin Resources, Inc. (BEN), potentially affecting its stock price negatively in the short term.
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