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.

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.