Janus, Invesco Close to Repaying Investors

Janus and Invesco are close to repaying the combined $425 million in restitution they owe investors, the Rocky Mountain News reports.

The Securities and Exchange Commission will soon announce how the money will be distributed this coming fall, said Donald Hoerl, associate director of enforcement in the SEC’s Denver office.

“The commission wants [the payments] out the door,” concurred George Curtis, head of the office, of the money first collected four years ago.

While Janus’ share of the payments is $100 million and Invesco’s is $325 million, analysts said that individual investors could only expect to see a few dollars returned to them.

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.