Evergreen Investments is facing consequences for the inappropriate rewards the firm gave to financial advisers who sold Evergreen products, Boston Herald reports.

National Association of Securities Dealers inspectors informed Evergreen that enforcement action is going to be recommended against it. NASD found that between 2001 and 2003, Evergreen increased its brokerage business for those investment banking firms that sold a greater percentage of its mutual funds. In addition, Evergreen treated financial advisers who sold a great deal of its funds to offsite training programs.  in "offsite" locations. When asked, Evergreen could not specify if the programs were held locally, or in another, more attractive location.   

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