The Securities and Exchange Commission said that while still an employee, Warren Lammert, who left Janus Capital Group in March 2003, brought a hedge fund into the company’s mutual fund pool and allowed it to time the market, The Wall Street Journal reports.

The Commission’s charges came in settlement papers filed Wednesday, and, although Lammert and another Janus executive – former CEO Mark Whiston – were not named, sources say those are the two being held responsible.

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