Franklin Templeton Mutual Fund (FTMF) has offered to pay a fine and ‘settle’ its ongoing investigations with market regulator SEBI, sources told BusinessLine. SEBI is probing FTMF for violation of the Prevention of Unfair and Fraudulent Trading Practices (PFUTP) Rules, which also attract criminal prosecution.
But SEBI is unlikely to accept FTMF’s offer as the internal view is that the violations are....
