A proposed plan to repay Janus investors whose holdings were affected by market timing would require two-thirds of them, those who are owed $10 or less, to actively seek compensation, Rocky Mountain News reports.   An independent consultant who advised the Securities and Exchange Commission on the plan, University of Florida Professor Christopher James said that because the losses are so small, it doesn’t make sense to mail out checks to investors. About one-third are owed an average of 64 cents, and another 10% would get $28. Only 66 people would get $36,000.   Although Janus paid $100 million in fines, James found that investors actually only lost $21 million, but the SEC is not going to reduce the fine.   The plan is posted on the SEC’s website to give the public 30 days to comment.   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.

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