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Regions Morgan Keegan Funds Articles
December 30, 2011. By Heidi Turner.
Memphis, TN Morgan Keegan reportedly faces mutual fund lawsuits worth more than $1 billion, which could be a factor in the financial firm not being sold. According to The Commercial Appeal (12/01/11), Morgan Keegan mutual fund lawsuits involve mutual fund losses in eight failed funds. Although the firm is for sale, buyers could reportedly be put off of Morgan Keegan because of costly legal battles.
Read [ Morgan Keegan Faces Mutual Fund Lawsuits
April 14, 2011. By Heidi Turner.
Chicago, IL Former NBA player Horace Grant may have thought days of high-stress battles were behind him since he left professional basketball, but he probably had no idea what he was in for when he filed an arbitration concerning Regions Morgan Keegan funds. Grant allegedly lost a lot of money in the RMK funds, and filed a FINRA arbitration to recover those funds. But even though the arbitration panel sided with Grant in 2009, he has yet to recover the money lost in his Regions Morgan Keegan investment.
Read [ Regions Morgan Keegan Funds: When Winning an Arbitration Is Only Half the Battle
April 7, 2011. By Gordon Gibb.
Birmingham, AL There is little doubt that investment products known as RMK funds lost tremendous value when the sub-prime mortgage bubble burst. There is also the charge that RMK Funds manager James Kelsoe allegedly falsified the value of the Fund's mortgage-backed bonds. To that point, Kelsoe was so charged by the Securities and Exchange Commission (SEC) in tandem with a civil suit.
Read [ A Checkered Success Rate for RMK Funds Investors
March 29, 2011. By Heidi Turner.
Greenwich, CT A couple whose money was put in a hedge fund that eventually was invested in Bernard Madoff Securities has been awarded $250,000 in their arbitration against Regions Morgan Keegan. This arbitration filing is separate from those involving RMK Funds, such as the RMK high income fund, but adds to the list of arbitrations that Regions Morgan Keegan has lost in the past few months.
Read [ Couple Wins $250,000 in Filing against Regions Morgan Keegan
March 23, 2011. By Charles Benson.
Greenwich, CT A unit of Regions Morgan Keegan has been ordered to pay more than $250,000 to a couple from Florida after the company allegedly invested their entire portfolio in a hedge fund that sent money to Bernard L. Madoff Securities, Reuters reports.
Read [ Regions Morgan Keegan Ordered to Pay More Than $250,000 to Florida Couple
March 18, 2011. By Heidi Turner.
Houston, TX When it comes to arbitration concerning Regions Morgan Keegan funds, the results have been somewhat contradictory for investors. Claimants say their money was invested in high-risk RMK funds, which they allege they were told had minimal risk. They further claim they were told the Regions Morgan Keegan funds were secure when in fact they were not.
Read [ Conflicting Rulings in Regions Morgan Keegan Arbitration
March 8, 2011. By Gordon Gibb.
Nashville, TN The response to complaints over heavy losses incurred by RMK funds and allegations that fund vendors and sponsors withheld vital information from investors is taking the form, in some cases, of arbitration settlements. Thus far, according to The Tennessean on February 21, $24.7 million in arbitration awards have been realized by individual investors in some 129 cases.
Read [ Are Wary Investors Slowing US Recovery?
March 2, 2011. By Heidi Turner.
Memphis, TN Although lawsuits have been filed regarding Regions Morgan Keegan funds, alleging investors in certain RMK funds were not made aware of the risks associated with those funds, some claims are being taken to arbitration and resolved there. The claims made in arbitration are similar to those in the lawsuit—that RMK funds, including the RMK high income fund, suffered massive losses because they were vulnerable to changes in the market and that the defendants either misrepresented or did not disclose material facts about the funds.
Read [ Regions Morgan Keegan Claims Resolved through Arbitration
February 19, 2011. By Charles Benson.
Atlanta, GA Recently, a Financial Industry Regulatory Authority (FINRA) arbitration panel ruled that Regions Morgan Keegan must pay damages for the sale of a mutual fund to a Texas investor, according to a news release.
Read [ Regions Morgan Keegan to Award Damages to Texas Investor
February 12, 2011. By Heidi Turner.
New York, NY The dramatic loss of value in the Regions Morgan Keegan funds probably took even the most seasoned investor by surprise. While investors realize they stand a chance of losing some of their investment, losing up to 65 percent of the value of the RMK funds is astonishing to some. Now, investors are turning to FINRA arbitration to recover their losses, alleging Regions Morgan Keegan was not upfront about the funds.
Read [ Investors Turning to Arbitration to Recover Losses to Regions Morgan Keegan Funds
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