BEN ALERT: Levi & Korsinsky Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by Franklin Resources, Inc.
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Levi & Korsinsky has initiated an investigation into Franklin Resources, Inc. for potential securities fraud violations. This follows a Wells Notice received by Ken Leech, co-Chief Investment Officer of its subsidiary, Western Asset Management Company.
November 07, 2024 | 11:45 am
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Franklin Resources, Inc. is under investigation for potential securities fraud violations. This follows a Wells Notice from the SEC to Ken Leech, co-CIO of its subsidiary, leading to his leave of absence.
The investigation into Franklin Resources for potential securities fraud is significant, as it involves a high-level executive receiving a Wells Notice from the SEC. This could lead to legal and regulatory challenges, impacting investor confidence and potentially affecting the stock price negatively in the short term.
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