BEN INVESTOR UPDATE: Did Franklin Resources, Inc. Mislead Investors Causing Losses? Contact BFA Law about its Pending Securities Fraud Investigation (NYSE:BEN)

Core Viewpoint - Franklin Resources, Inc. is under investigation for potential violations of federal securities laws, which has led to significant stock price declines and substantial net outflows from its assets under management [1][3][5]. Company Overview - Franklin Resources, also known as Franklin Templeton, is a major asset management company with $1.7 trillion in assets under management [2]. Investigation and Stock Performance - On July 26, 2024, Franklin Resources announced an internal investigation regarding past trade allocations in its Western Asset Management division, which resulted in a 2.4% drop in stock price from $23.64 to $23.08 [3]. - Following the placement of WAM co-Chief Investment Officer Ken Leech on leave due to a Wells Notice from the SEC, the stock price fell by 13% from $22.62 to $19.78 on August 21, 2024 [4]. - The company reported a staggering $31.3 billion in long-term net outflows for the quarter ended September 30, 2024, a 354% increase from the previous year, alongside a quarterly net loss of $84.7 million, leading to a nearly 3% decline in stock price on November 4, 2024 [5].