Franklin Resources, the fourth largest US mutual fund manager, with $302bn (€244bn) in assets, has suspended three employees for market timing of funds.

In a filing with the Securities and Exchange Commission (SEC), Franklin said it had "identified some instances of frequent trading in shares of certain funds by a few current of former employees in their personal 401(k) plans."

Franklin suspends staff for market timing

Anuj Gangahar

Franklin Resources

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