Janus to Reimburse Investors $31.5 Million
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From Bloomberg News
Janus Capital Group Inc., a Denver-based mutual fund company under investigation by state and federal regulators, said it would pay $31.5 million to reimburse fund investors hurt by improper trading.
The company also split the role of chairman and chief executive, naming Steven Scheid, 50, former vice chairman of Charles Schwab Corp., as chairman. Mark Whiston, 41, remains as chief executive.
Janus rose $1.08 to $15.91 on the New York Stock Exchange.
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