Franklin Templeton Investments has settled charges by Massachusetts securities regulators that it failed to include an admission to wrongdoing in an SEC filing referring to its market-timing settlement with the state. Franklin made news of the settlement in yet another regulatory filing on Monday, Dow Jones reports.

Massachusetts regulators charged that Franklin did, in fact, admit wrongdoing when it reached a $5 million settlement with them in September. Therefore, by obfuscating this in a subsequent SEC filing on Sept. 20, Franklin committed fraud, Massachusetts said in an Oct. 25 lawsuit.

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