FINRA cleared Julio Almeyda, the Lieberman's financial advisor and awarded the Liebermans more than $265,000, which represents their full investment plus 6 percent annualized interest, as well as $50,000 in damages and $14,000 to cover the costs of the expert witnesses called to testify on behalf of the couple.
READ MORE morgan keegan LEGAL NEWS
Lawsuits have been filed against Morgan Keegan alleging that the defendants either misrepresented or did not disclose certain material facts about Regions Morgan Keegan Funds to investors. As a result, investors with money in those Morgan Keegan Bond Funds allegedly lost a large amount of money. The RMK Funds in question include the Select Intermediate Bond Fund ("MKIBX") and the Select High Income Fund ("RHIIX"). The Regions Morgan Keegan lawsuit was filed on behalf of investors who acquired shares of either of the RMK funds between December 6, 2004, and October 3, 2007.