Market Timing Violations
On September 19, 2007, the United States Securities and Exchange Commission (SEC) announced that Evergreen Investments and affiliates would pay $32.5 million to settle market timing violations. Evergreen allowed some of its shareholders to market time trades, in violation of Evergreen's prospectus. William M. Ennis, a former officer of Evergreen paid $1 in disgorgement plus a civil penalty of $150,000.
Read more about this topic: Evergreen Investments
Famous quotes containing the words market, timing and/or violations:
“I refuse to be. In
the madhouse of the inhuman
I refuse to live.
With the wolves of the market place
I refuse to howl ...”
—Marina Tsvetaeva (1892–1941)
“Is it a new spring star
Within the timing chill,
Talking, or just a mime,
That rises in the blood
Thin Jack-and-Jilling seas
Without the human will?”
—Allen Tate (1899–1979)
“There is no end to the violations committed by children on children, quietly talking alone.”
—Elizabeth Bowen (1899–1973)