SEBI imposes ₹15 cr fine on Franklin Templeton, 8 others over wound-up schemes3 min read . Updated: 14 Jun 2021, 09:39 PM IST
- The serious lapses and violations clearly appear to be a fallout of the Franklin Templeton's 'obsession' to run high yield strategies without due regard from the concomitant risk dimensions, SEBI said
- SEBI has ordered the noticees to submit the penalty within 45 days of receiving its order
Securities and Exchange Board of India (SEBI) has imposed a cumulative fine of ₹15 crore on nine entities, including Franklin Templeton Trustee Services, senior official and fund managers associated with the six debt schemes wound-up by the fund house.
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