Five years in the making, it appears that Strong Funds investors who were harmed by mutual fund market timing may soon receive their share of the $154 million settlement.

The Securities and Exchange Commission has published a disbursement proposal for the 24 funds affected on its website that was devised by independent consultant Michael R. Gibbons, a finance professor at the Wharton School of the University of Pennsylvania.

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.