Defendant Name: INTECH Investment Management LLC

Defendant Type: Subsidiary of Public Company
Public Company Parent: Janus Capital Group Inc.
SIC Code: 6282
CUSIP: 47102X10

Initial Case Details

Legal Case Name In the Matter of INTECH Investment LLC and David E. Hurley
First Document Date 07-May-2009
Initial Filing Format Administrative Action
File Number 3-13463
Allegation Type Investment Advisers/Investment Companies

Violations Alleged

Other
• Section 206(4) Advisers Act; Rules 206(4)-6(a), 206(4)-6(c) Advisers Act
Additionally, David E. Hurley is alleged to have aided and abetted INTECH Investment Management LLC's violation of Section 206(4) Advisers Act; Rules 206(4)-6(a), 206(4)-6(c) Advisers Act (willfully/knowingly).
David E. Hurley is alleged to have caused INTECH Investment Management LLC's violation of Section 206(4) Advisers Act; Rules 206(4)-6(a), 206(4)-6(c) Advisers Act (willfully/knowingly).

Resolutions

First Resolution Date 07-May-2009
Headline Total Penalty and Disgorgement $300,000

Related Documents:

IA-2872 07-May-2009 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Sections 203(e), 203(f) and 203(k) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On May 7, 2009, the SEC instituted settled administrative and cease-and-desist proceedings against INTECH Investment Management LLC and David E. Hurley stating: "This case involves a registered investment adviser, INTECH, which, from at least 2003 through 2006 (the “relevant time period”), exercised voting authority over client securities without having written policies and procedures that were reasonably designed to ensure it voted its clients’ securities in the best interests of its clients because those policies and procedures did not include how the adviser would address material potential conflicts of interests that may arise between its interests and those of its clients. INTECH also did not sufficiently describe its proxy voting policies and procedures to clients."
2009-105 08-May-2009 Press Release--Administrative Proceeding
SEC Charges Investment Adviser for Proxy Voting Rule Violation
The SEC stated that: "[It] has charged West Palm Beach, Fla.-based INTECH Investment Management LLC and its former chief operating officer David E. Hurley for violating the SEC's proxy voting rule for investment advisers by not sufficiently describing its proxy voting policies and procedures and failing to address a material potential conflict of interest."

Other Defendants in Action:

David E. Hurley