DOJ told Franklin Resources no criminal charges against Western Asset

Group 1 - Franklin Resources (BEN) was informed by the Department of Justice (DOJ) that it is prepared to resolve the investigation without filing criminal charges against its subsidiary, Western Asset [1] - The DOJ acknowledged Western Asset's commitment to full cooperation during the ongoing resolution discussions, which require additional time due to circumstances not attributable to Western Asset [1] - Franklin Resources initiated an internal investigation into past trade allocations involving treasury derivatives in select accounts managed by Western Asset Management Company [1] Group 2 - Following the news, shares of Franklin Resources increased by 1% to $23.77 in morning trading [1]