Colling, Gilbert, Wright & Carter Securites Fraud

The Wall Street Journal reported on Wednesday that the Alabama Securities Regulator mistakenly released confidential information about Morgan Keegan clients in response to a request for publicly available exhibits to a regulatory complaint filed by the Alabama Securities Commission. The commission had been investigation Morgan Keegan over customer losses experienced in the company's RMK Bond funds and filed a regulatory action in July regarding same. However, when a Birmingham securities attorney was unable to access the exhibits online, he requested a certified copy from the commission. A disk was provided that included the client information. The disk has since been returned and there has been no report of any misuse of the information to date.

Labels: broker misconduct