The Securities and Exchange Commission (SEC) has settled an insider-trading civil action case against former Boston-based Evergreen Investment Management Chief Administrative Officer and Senior VP Charles Marquardt.

In early June 2008, the federal agency claims that Marquardt redeemed all of his shares in Evergreen's tanking Ultra Fund, an MBS holding, after learning that the fund "might soon reduce in value." He allegedly took his invested monies out just days prior to its liquidation.

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