Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Janus Capital Management
Current Parent Company: Janus Henderson
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $225,000,000
Year: 2004
Date: April 27, 2004
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: securities issuance or trading violation
Mega-Scandal: Market Timing Abuses
Violation Description: The New York Attorney General and the Colorado Attorney General announced a $225 million settlement with Janus Capital Management, LLC to resolve allegations that it permitted excessive market timing activity in a number of its mutual funds, including those trading in international and foreign securities.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: United Kingdom
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: investment management
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.