I assume the SEC has filed insider trading cases before alleging trading in the shares of a mutual fund, but honestly I cannot think of a single example. Today, though, the SEC filed just such a case alleging trading in the shares of the Evergreen Ultra Short Opportunities Fund, a mutual fund that invested primarily in mortgage-backed securities. Full details are available in this post on my Enforcement Action blog over at Compliance Week.
‘Enforcement 40’ for 2020
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