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Rating:Janus' Marketing Chief: Whiston Approved Market Timing Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, October 15, 2007

Janus' Marketing Chief: Whiston Approved Market Timing

by: Erin Kello

There's a new twist in the trial of former Janus employees, Warren Lammert, Lars Soderberg and Lance Newcomb. The Rocky Mountain News reports that at a hearing Friday, Janus' chief marketing officer Robin Beery, testified that her company had a deal in place with brokerage firm, Trautman Wasserman allowing it to time the Janus Mercury Fund. Beery said that she had also drafted a memo to Janus' then CEO, Mark Whiston, about the market timing and was told that Janus had "approved timers." Whiston resigned in 2004 without facing any charges. The crux of Lammert, Soderberg and Newcomb's defense is that the market-timing scandal went all the way to the top of Janus, so they should not be held solely responsible.  

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