Several Janus employees who felt that their market-timing practices did not have an adverse effect on investors have left the firm, according to company officials. The company did not disclose the identity of those individuals or the titles they held.

The admission comes on the heels of the company firing several fund managers for market timing, and in front of a pending settlement with the office of New York Attorney General Eliot Spitzer as well as that of the Securities and Exchange Commission. On Monday, Richard Garland, chief executive of Janus International, submitted his resignation after enduring more than two months of intense criticism for allowing Canary Capital Partners, a New Jersey hedge fund, to market time its funds.

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