With Federal Regulators
May 17, 2004
Janus Discussing Brokers
Janus Capital Group is telling the Securities and Exchange Commission about its relationships with brokers. One month after settling with the SEC for $226 million for its participation in improper trading, the Denver-based fund giant is helping the Commission figure out what role, if any, brokerages that sold Janus funds had in the scandal. The company revealed that only 5% of its assets under management are sold through brokers.
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