Franklin Templeton Investments filed "false and misleading statements" with the Securities and Exchange Commission by not admitting to wrongdoing in settling its mutual fund case, Massachusetts Secretary of the Commonwealth William Galvin has charged.

In a civil complaint, Galvin said the company should be forced to pay administrative fees for not following an order, namely to admit wrongdoing on Sept. 20 when it paid $5 million to settle charges that it allowed a hedge fund to time the market. That settlement came one month after Franklin Templeton settled for $50 million with federal regulators.

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