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Franklin Templeton Investments - Wikipedia, the free encyclopedia

...The firm specializes in conservatively managed mutual funds. It offers products under the Franklin, Templeton, Mutual Series and Fiduciary brand names. Like other large investment companies, the firm offers a wide variety of funds but is traditionally best known for bond funds under the Franklin brand, international funds under the Templeton brand, and value funds under the Mutual Series brand.

...In 2004, Franklin Templeton paid fines to the State of California, the Commonwealth of Massachusetts, and the U.S. Securities and Exchange Commission to settle issues regarding questionable practices including market timing. The plan for distribution of settlement monies was completed in September 2006, and all distributions have been completed as of December 2008.

Some analysts reportedly said [sorry source in Hungarian] that maybe Franklin Templeton continued its purchases to avoid a loss of value of its existing holdings of Hungarian government debt, that is by preventing a market crash (which is said to previously have been a practice of the now nationalised private pension funds in Hungary).

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Sat Jan 7th, 2012 at 05:09:16 AM EST
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