Evergreen Agrees To $32.5M Settlement With SEC
Evergreen and three affiliates, including Wachovia Securities LLC, have been ordered to pay $28.5 million in disgorgement and $4 million in civil penalties. A former officer of Evergreen, William M. Ennis, was also fined $150,000, the SEC announced Wednesday.
The SEC alleged that Evergreen allowed certain select shareholders to market time mutual funds, and failed to enforce specific trading rules against market...
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