Former Janus Execs Accused Of Market-Timing

Law360, New York (August 1, 2006, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission has accused three former executives of Janus Capital Management LLC of violating securities laws by engaging in alleged improper market-timing and frequent trading of certain mutual funds.

The three men—Warren Lammert, portfolio manager for the Janus Mercury Fund from 1993 to 2003; Lars Soderberg, executive vice president and managing director of sales at JCM from 2002 to 2004; and Lance Newcomb, assistant vice president and regional sales director for JCM from 1998 to 2003—allegedly knew that the frequent trading arrangements...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.