Sebi Fines Franklin Templeton India's Trustee And CEO For Violating Rules

The market regulator has fined Franklin Templeton India's trustee, chief executive and officials, including fund mangers, on Monday for violating rules while overseeing credit funds that unexpectedly shut down last year. The Securities and Exchange Board of India (SEBI) said chief executive Sanjay Sapre failed to address the risk of illiquid underlying portfolios, while fund managers did not ensure funds were invested in the best int...