The main Canadian securities regulator announced Monday that it had nearly reached a settlement with Franklin Templeton Investments Corp. over trading in some of its mutual funds.
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The Ontario Securities Commission said in December that it was looking into Franklin-Templeton, a unit of the U.S. fund manager Franklin Resources Inc. as part of an investigation into market timing. The commission is to consider a settlement agreement Thursday.
The regulator approved a $126.3 million settlement with four of Canada's biggest fund companies late last year.
