Defendant Name:
INTECH Investment Management LLC
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Janus Capital Group Inc.
SIC Code:
6282
CUSIP:
47102X10
Document Reference:
IA-2872
Document Details
Legal Case Name
In the Matter of INTECH Investment Management and David E. Hurley
Document Name
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
Document Date
07-May-2009
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Monetary Penalties:
Civil Penalty
Individual:
$300,000.00
Shared:
Other Defendants in Action:
