Core Viewpoint - Franklin Resources, Inc. is under investigation for potential violations of federal securities laws, leading to significant stock price declines following internal and external investigations into trading practices [1][2]. Group 1: Company Overview - Franklin Resources, Inc., also known as Franklin Templeton, is a major asset management company with $1.7 trillion in assets under management (AUM) [2]. - The company’s division, Western Asset Management (WAM), focuses on fixed income management [2]. Group 2: Investigation Details - An internal investigation was launched on July 26, 2024, regarding past trade allocations of treasury derivatives in WAM accounts, coinciding with notifications of parallel investigations by the SEC and U.S. Department of Justice [2]. - On August 21, 2024, WAM co-Chief Investment Officer Ken Leech was placed on leave after receiving a Wells Notice from the SEC, prompting the closure of the Macro Opportunities strategy, which had approximately $2.0 billion in AUM as of July 31, 2024 [2]. Group 3: Stock Performance - Following the announcement of the internal investigation, Franklin Resources' stock dropped 2.4% on July 26, 2024, from $23.64 to $23.08 per share [2]. - The stock experienced a further decline of 12.5% on August 21, 2024, falling from $22.62 to $19.78 per share [2].

Core Viewpoint - Franklin Resources, Inc. is under investigation for potential violations of federal securities laws, leading to significant stock price declines following internal and external investigations into trading practices [1][2]. Group 1: Company Overview - Franklin Resources, also known as Franklin Templeton, is a major asset management firm with approximately $1.7 trillion in assets under management (AUM) [2]. - The company’s Western Asset Management division is a key player in fixed income management [2]. Group 2: Investigation Details - An internal investigation was launched on July 26, 2024, focusing on past trade allocations of treasury derivatives in certain WAM accounts, coinciding with notifications of parallel investigations by the SEC and U.S. Department of Justice [2]. - On August 21, 2024, WAM co-Chief Investment Officer Ken Leech was placed on leave after receiving a Wells Notice from the SEC, prompting the company to close its Macro Opportunities strategy, which had approximately $2.0 billion in AUM as of July 31, 2024 [2]. Group 3: Stock Performance - Following the announcement of the internal investigation, Franklin Resources' stock dropped 2.4% on July 26, 2024, from $23.64 to $23.08 per share [2]. - The stock experienced a further decline of 12.5% on August 21, 2024, falling from $22.62 to $19.78 per share [2].

JACKSON, Wyo., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Brand Engagement Network (BEN), (Nasdaq: BNAI), an emerging provider of safe, personalized customer engagement AI, announced today that the company has entered into separate contract agreements with INTERVENT International (INTERVENT), a high tech/high touch, evidence-based behavior change and population health management company, as well as Members Only Health (MOH), a global concierge healthcare firm. These agreements will drive the development of healthcar ...

Core Viewpoint - Franklin Resources, Inc. is under investigation for potential violations of federal securities laws, leading to significant stock price declines following internal and external investigations into trading practices [1][2]. Group 1: Company Overview - Franklin Resources, also known as Franklin Templeton, is a major asset management firm with approximately $1.7 trillion in assets under management (AUM) [2]. - The company’s division, Western Asset Management (WAM), focuses on fixed income management and is currently facing scrutiny due to allegations of improper trade allocations [2]. Group 2: Investigation Details - An internal investigation was launched on July 26, 2024, regarding past trade allocations of treasury derivatives in select WAM accounts, coinciding with notifications of parallel investigations by the SEC and the U.S. Department of Justice [2]. - On August 21, 2024, WAM co-Chief Investment Officer Ken Leech was placed on leave after receiving a Wells Notice from the SEC, prompting the company to close its Macro Opportunities strategy, which had approximately $2.0 billion in AUM as of July 31, 2024 [2]. Group 3: Stock Performance - Following the announcement of the internal investigation on July 26, 2024, Franklin Resources' stock price dropped by 2.4%, from $23.64 to $23.08 per share [2]. - The stock experienced a further decline of 12.5% on August 21, 2024, falling from $22.62 to $19.78 per share [2].

JACKSON, Wyo., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Brand Engagement Network Inc. (“BEN”) (Nasdaq: BNAI), an emerging provider of safe and secure customer engagement AI, today announced it has closed a private placement with existing investors to purchase shares of BEN’s common stock in the aggregate amount of $5.925 million. Concurrently, BEN announced that it has entered into a $50 million Standby Equity Purchase Agreement (“SEPA”) with Yorkville Advisors. Together, these two transactions provide the Company ...

NEW YORK, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Franklin Resources, Inc. (NYSE: BEN) for potential violations of the federal securities laws. If you invested in Franklin Resources, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/franklin-resources-inc. Why Did Franklin Resources’s Stock Drop? Franklin Resources is a $1.7 trillion asset management company better know ...

NEW YORK, Aug. 24, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Franklin Resources, Inc. (NYSE: BEN) for potential violations of the federal securities laws. If you invested in Franklin Resources, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/franklin-resources-inc. Why Did Franklin Resources’s Stock Drop? Franklin Resources is a $1.7 trillion asset management company better know ...

NEW YORK, Aug. 23, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Franklin Resources, Inc. (“Franklin” or the “Company”) (NYSE: BEN) on behalf of Franklin stockholders. Our investigation concerns whether Franklin has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On August 21, 2024, Franklin subsidiary Western Asset Manageme ...

LOS ANGELES, Aug. 23, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Franklin Resources, Inc. ("Franklin" or "the Company") (NYSE: BEN) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Franklin admitted on July 26, 2024, that "following the launch of an intern ...

POLAND - 2023/12/06: In this photo illustration a Franklin Templeton logo is displayed on a ... [+] smartphone with stock market percentages on the background. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesFranklin Resources stock (NYSE: BEN) price dropped 12.6% on 21st August, as compared to a 0.42% gain in the S&P500 index. In sharp contrast, Franklin Resources’ peer State Street (NYSE: STT) posted a near-zero gain on 21st August. The ...