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Tuesday, November 20, 2007|
SEC Pushes Back Decision on Janus' Distribution Plan
Investors who were harmed by market timing in Janus funds are no closer to getting their checks. On Monday, SEC officials delayed approving a proposed distribution plan until December 20, The Denver Business Journal reports. The proposed plan was unveiled on May 31 and in September, the SEC set November 20 as the deadline for approving or disapproving the plan. SEC officials said on Monday that additional time is needed to "adequately consider and address all of the comments." Janus settled the market timing allegations in 2004 without admitting or denying wrongdoing.
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