Request Legal Help Now - Free
LAWSUITS NEWS & LEGAL INFORMATION

Regions Financial (RF) Unit Morgan Keegan Hit With Award by Houston Arbitration Panel


This is a settlement for the Securities/Stock Fraud lawsuit.

Atlanta, GA: A Financial Industry Regulatory Authority (FINRA) arbitration panel awarded damages and assessed costs against Regions Financial Corp.'s (RF) brokerage unit, Morgan Keegan & Company, Inc. The case is Liles v. Morgan Keegan & Company Inc., FINRA Case No. 09-04638. The fund found subject to the award was the RMK Multi-Sector High Income Fund (RHY), now the Helios Multi-Sector High Income Fund (HMH).

Arbitration claims have been filed on behalf of other investors in the Regions Morgan Keegan Bond Funds as follows:

Formerly RMK High Income Fund --- RMH/Now Helios High Income Fund --- HIH

Formerly RMK Multi-Sector High Income Fund --- RHY/Now Helios Multi-Sector High Income Fund --- HMH

Formerly RMK Advantage Income Fund --- RMA/Now Helios Advantage Income Fund ---- HAV

Formerly RMK Strategic Income Fund --- RSF/Now Helios Strategic Income Fund ---- HSA

Formerly Regions MK Select High Income-C --- RHICX

Formerly Regions MK Select High Income-A --- MKHIX/Now Helios Select High Income Fund --- HIFAX

Formerly RHIIX---Regions MK Select High Income-I

Formerly RIBCX---Regions MK Select Intermediate Bond Fund-C

Formerly Regions MK Select Intermediate Bond Fund --- MKIBX/Now Helios Select Intermediate Income Fund --- HSIBX

Formerly RIBIX Regions MK Select Intermediate Bond Fund-I

For specific information about the Morgan Keegan fund claims see the link below

Legal Help

If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please fill in our form.
Published on Feb-10-11


ADD YOUR COMMENT ON THIS ISSUE

Fields marked * are mandatory. Please read our comment guidelines before posting.

*Name:

Note: Your name will be published with your comment.

*Email Address:

Your email will only be used if a response is needed.
*Your Comment:

Are you the defendant or a subject matter expert on this topic with an opposing viewpoint? We'd love to hear your comments here as well, or if you'd like to contact us for an interview please submit your details here.
Request Legal Help Now! - Free