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Regulators: Fund firm hid losses

Evergreen accused of tipping off some so they could cash out

THE INVESTIGATION CONTINUES Secretary of State William Galvin says Evergreen told key investors about the Ultra Short fund's problems in advance. THE INVESTIGATION CONTINUES
Secretary of State William Galvin says Evergreen told key investors about the Ultra Short fund's problems in advance.
By Todd Wallack
Globe Staff / June 9, 2009

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Federal and state regulators yesterday accused Boston-based Evergreen Investment Management Co. of overstating the value of one of its mutual funds for a 17-month period, and then secretly tipping off select clients about steep losses in the fund before disclosing them to other investors. (Full article: 624 words)

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