Franklin Resources Inc. NYSE: BEN is an investment firm originally founded in New York in 1947 as Franklin Distributors, Inc. It's listed on the NYSE under the ticker BEN as in Benjamin Franklin who the 1947 founders admired. In October 1992, Franklin completed the acquisition of Templeton, Galbraith & Hansberger Ltd., therefore the name Franklin Templeton. New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) , also nicknamed the Big Board, is by far the largest stock exchange in the world (by dollar volume) and second largest by number of listings. ... Investment or investing is a term with several closely-related meanings in finance and economics, related to saving or deferring consumption. ... 1947 (MCMXLVII) was a common year starting on Wednesday (the link is to a full 1947 calendar). ... Benjamin Franklin by Jean-Baptiste Greuze 1777 Benjamin Franklin (January 17 [O.S. January 6] 1706 – April 17, 1790) was one of the most prominent of the Founders and early political figures and statesmen of the United States. ...

The firm originally specialized in conservatively managed mutual funds. It offers products under the Franklin, Templeton, Mutual Series and Fiduciary brand names. In 1986 it moved its headquarters to San Mateo, California. 1986 (MCMLXXXVI) was a common year starting on Wednesday of the Gregorian calendar. ... Hillsdale Inn, Honeymoon Suite (demolished 5 April 2001) San Mateo is a city located in San Mateo County, California, USA. It is one of the larger suburbs on the San Francisco Peninsula, located between Burlingame to the north, Foster City to the East, and Belmont to the south. ...

Like other large investment companies, the firm offers a wide variety of funds, but is traditionally best known for bond funds, the "value" style funds, and overseas funds.

The company sponsors a tennis tournament, the Franklin Templeton Classic.

Mutual funds

The Franklin Income Fund (FKINX) is a mutual fund in Morningstar's "conservative allocation" category and "large/value" style box. The fund was created in 1948 and has paid uninterrupted dividends for 55 years. A mutual fund is a form of collective investment that pools money from many investors and invests the money in stocks, bonds, short-term money-market instruments, and/or other securities. ... 1948 (MCMXLVIII) was a leap year starting on Thursday (the link is to a full 1948 calendar). ... A dividend is the distribution or sharing of parts of profits to a companys shareholders. ...

The Franklin Income Fund is constructed of both bonds and dividend-paying stocks.

Legal settlements in 2004

In 2004, Franklin Templeton paid fines to the State of California, the Commonwealth of Massachusetts, and the U.S. Securities and Exchange Commission to settle issues regarding questionable practices including market timing and "shelf-space" payments. 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... A fine is money paid as a financial punishment for the commission of minor crimes or as the settlement of a claim. ... Official language(s) English Capital Sacramento Largest city Los Angeles Area  - Total   - Width   - Length    - % water  - Latitude  - Longitude Ranked 3rd 158,302 sq mi  410,000 km² 250 miles  402. ... Official language(s) English Capital Boston Largest city Boston Area  - Total  - Width  - Length  - % water  - Latitude  - Longitude Ranked 44th 10,555 mi²; 27,360 km² 183 mi; 295 km 113 mi; 182 km 13. ... The U.S. Securities and Exchange Commission, commonly referred to as the SEC, is the United States governing body which has primary responsibility for overseeing the regulation of the securities industry. ... A settlement is a contract that is one possible result when parties sue (or contemplate so doing) each other in civil courts, usually seeking money as reparations for the alleged wrongdoing of the defendants. ...

External links

• Yahoo Franklin Resources, Inc. Profile