Franklin Resources (BEN) faces a challenging period with various investigations into potential securities law violations. Meanwhile, several firms, including Kaplan Fox & Kilsheimer LLP, Hagens Berman, and the DJS Law Group have launched investigations into the company's activities. Additionally, the co-CIO of a $2 billion fund managed by Franklin Resources has been placed on leave, resulting in the termination of the fund. Despite these hurdles, the company continues to attract investor interest with AQR Capital Management and Dimensional Fund Advisors increasing their holdings in BEN. Other notable developments include an increase in short interest, a string of dividends announcements, and a newly launched Ethereum ETF. Franklin Templeton, a subsidiary of Franklin Resources, has also been active, announcing numerous fund closures while also adding Brandywine's U.S. High Yield Expertise to its Fixed Income Lineup.
Franklin Resources BEN News Analytics from Mon, 27 May 2024 07:00:00 GMT to Sat, 28 Sep 2024 23:08:05 GMT - Rating -8 - Innovation -6 - Information 8 - Rumor -7
