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.

In the Sept. SEC filing, the firm had said its Franklin Advisers and Franklin Templeton Alternative Strategies units "did not admit or deny engaging in any wrongdoing." Although the Monday filing made no mention of any admission or denial of any wrongdoing, it did say that its Sept. 20 SEC filing failed to indicate "Franklin admitted to the division’s statement of facts."

A spokeswoman for the firm said the settlement now encompasses all of Massachusetts regulators’ concerns. A notice on Franklin’s Web site said it paid no monetary penalty in reaching the civil settlement.

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