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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

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Published on Feb-10-11


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