Janus Capital has reached agreements in principle with regulators that will cost the firm more than $226 million in restitution, fines and reduced fees for illegal market-timing activity at the firm, the fund shop said last week.

Under terms of the agreements, Janus will pay $50 million in restitution and disgorgement and $50 million in civil penalties, while also reducing fees by a total of $125 million over a five-year span. In addition, the firm has committed to paying $1.2 million to be used for consumer education.

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