The Securities and Exchange Commission said it has filed a settled enforcement action that had charged Charles J. Marquardt with insider trading in the shares of the Evergreen Ultra Short Opportunities Fund.
The action was filed in US District Court for the District of Massachusetts, the SEC said. The SEC described Marquardt as a "Boston-based mutual fund insider."
Marquardt settled the charges without admitting or denying the allegations in the commissionís complaint, the SEC said in a press release. As part of the settlement, he has agreed to pay about $40,000, the SEC said.
"Marquardt has also consented to be barred from association with any broker, dealer, or investment adviser, with a right to reapply after two years," the SEC said.