The Securities and Exchange Commission’s next huge settlement could come from British/U.S.-based Amvescap, London’s Financial Times reports. People privy to discussions between the two parties postulate that a settlement could take place just after Sept. 6, Labor Day in the United States.

Share prices have risen over the past few days, as hot-stove talk about a possible settlement has turned up. According to a document back in April, Amvescap had set aside $300 million to cover settlement costs relating to its US-based Invesco outfit. But The Times reports that since Janus’s recent settlement was for $200 million – including money returned to investors, paid in restitution and shelled out in civil penalties – the Amvescap number could be lower than that $300 million set aside.

Invesco’s woes began last December, when the Colorado and New York attorneys general filed market-timing charges against it. Since then, Amvescap Chairman Charles Brady has admitted that the charges hurt his company’s U.S. business.

The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.