Violation Tracker Individual Record

Company: 
Janus Capital Management
Current Parent Company: 
Janus Henderson
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
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 Parent: 
United Kingdom
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
investment management
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.