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...
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