Janus, in a filing with the SEC Wednesday, revealed that it had standing arrangements with 12 clients to allow them to market time its funds, Reuters reports.

Four of those 12 engaged in significant market timing, the filing revealed. It also noted that these accounts amounted to only 0.25% of assets in the funds.

Further, the beleaguered fund company revealed that market timing might have occurred through its offshore offices.

More Scandal News

A number of other scandal-related news items are in this morning’s papers, including:
  • Black Rock, FleetBoston subpoenaed
  • Oregon fires Strong from 529
  • Loomis Sayles may have taken bond fund timing $$
  • LaBranche specialist resigns

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