Janus Faces Insider Trading Probe

Zacks.com submits:

Janus Capital Group Inc. (JNS) has hogged the headlines for the wrong reason. In a filing with the Securities and Exchange Commission (SEC), the company has revealed that it has received an enquiry from the authorities in an insider trading investigation on Wall Street. While Janus has expressed willingness to fully cooperate with the SEC, it declined to provide any further details on the enquiry.

Insider trading is the trading of a corporation's stock or other securities, such as bonds or stock options, by individuals with potential access to non-public information about the company. It refers to a practice in which an insider or a related party trades based on material non-public information obtained during the performance of the i

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