Franklin Resources, Inc. (BEN) announced that the Department of Justice is prepared to resolve an investigation without criminal charges against Western Asset. The investigation involves trade allocations of treasury derivatives by Western Asset, a subsidiary of Franklin Resources. Franklin Resources is cooperating fully with the investigation. Shares of Franklin Resources are up 1% to $23.77. The resolution discussions are ongoing and require additional time due to circumstances not attributed to Western Asset. The company appreciates Western Asset’s cooperation in the investigation. Source: TheFly.

Read more at Yahoo Finance: DOJ told Franklin Resources no criminal charges against Western Asset