Defendant Name: Wachovia Securities, LLC

Defendant Type: Subsidiary of Public Company

Document Reference: 34-56658

Document Details

Legal Case Name In the Matter of Evergreen Investment Management Company, LLC, Evergreen Investment Services, Inc., Evergreen Service Company, LLC and Wachovia Securities, LLC
Document Name Order Appointing Tax Administrator
Document Date 12-Oct-2007
Document Format Administrative Proceeding
File Number 3-12805
Allegation Type Investment Advisers/Investment Companies
Document Summary The Commission ordered that: "Damasco . . . is appointed the Tax Administrator for the QSF in the above-referenced proceeding."

Disgorgement & Penalty Information

Resolutions
The Commission ordered that: "Damasco . . . is appointed the Tax Administrator for the QSF in the above-referenced proceeding."

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On September 19, 2007, the SEC instituted settled administrative and cease-and-desist proceedings against Evergreen Investment Management Company, LLC ("EIMCO"), Evergreen Investment Services, Inc. ("EIS"), Evergreen Service Company, LLC ("ESC") and Wachovia Securities, LLC. According to the SEC: "This proceeding concerns: (a) various violations of the federal securities laws committed by EIMCO, EIS and ESC in connection with their roles in creating and/or implementing two market timing agreements (and the role of Wachovia Securities in creating and/or implementing one of those two agreements) that permitted, in each case, a registered representative to make, on behalf of certain of his customers, frequent trades in certain Evergreen funds in excess of the exchange limits set forth in the funds' prospectuses and (b) EIMCO's misleading disclosure in fund documents concerning exchange limits."
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