
Franklin Advisers, Inc. And Franklin Templeton Distributors, Inc., the investment adviser and principal underwriter and distributor affiliated with the Franklin Templeton mutual funds, agreed to pay $20 million to settle allegations that, without proper disclosure, they used fund assets to compensate brokerage firms for recommending the Franklin Templeton mutual funds over others to their clients. For more info visit https://www.sec.gov/news/press/2004-168.htm