Janus Capital will pay the Securities and Exchange Commission and other regulators $225 million to settle charges of improper trades, but some industry insiders think the news will be worse for Amvescap, the manager of the Invesco Funds, eFinancial reports. A rumor, fueled by an internal memo mentioning "exceptional charges," says that Amvescap has allotted $300 million for fines and penalties.

One analyst told eFinancial that Amvescap is not only being downgraded for reports of the settlement, but also because the company's first quarter numbers fell short of analysts' projections.

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