Franklin Resources, parent company of the Franklin Templeton family of mutual funds, said it will eliminate one of its funds in the wake of a scandal in which a broker used misleading sales practices.

According to a regulatory filing with the Securities and Exchange Commission, the $690 million in assets in the Templeton Capital Accumulator Fund will be folded into the $21 billion Templeton Growth Fund. The Accumulator fund was offered through contractual plans that required monthly payments for 15 years.

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