Colling, Gilbert, Wright & Carter Securites Fraud

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Wednesday, June 22, 2011

Morgan Keegan Ordered to Pay $200 million to RMK Bond Fund Investors

The Financial Industry Regulatory Authority (FINRA) announced today that Morgan Keegan & Co, Inc. has agreed to pay $200 million dollars to settle SEC, FINRA and Five State security commission claims arising from the marketing and sale of the Morgan Keegan RMK bond funds.

A copy of the FINRA press release may be found here.

Labels: breach fiduciary duty, broker misconduct, fraud, misrepresentation/omission

posted by William B. Young Jr. Esq. at 11:33 AM

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