Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Atlanta Law Firm Files Arbitration Claim Against
Morgan Keegan Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, October 07, 2008

Atlanta Law Firm Files Arbitration Claim Against Morgan Keegan

News summary by MFWire's editors

Atlanta-based James Dunlap & Associates has filed an arbitration claim with FINRA's Office of Dispute Resolution against Morgan Keegan & Company on behalf of investors who suffered losses in the Regions Morgan Keegan bond funds.

A Morgan Keegan spokesperson was not immediately available for comment.

According to the statements of claim, the investors sustained losses in the funds caused by Morgan Keegan's false and misleading statements about the fund's risk tolerance, asset allocation, lack of diversification and the lack of suitability for claimants.

The law firm has filed claims on behalf of other investors in the bond funds.
Press Release

ATLANTA, Oct 6, 2008 (GlobeNewswire via COMTEX) -- The Law Firm of James A. Dunlap Jr. & Associates LLC ( http://www.jamesdunlaplaw.com) announced that it filed an arbitration claim against Morgan Keegan & Company, Inc., with the Financial Industry Regulatory Authority's ("FINRA") Office of Dispute Resolution. The claims were filed for losses sustained in the Regions Morgan Keegan Bond Funds.

According to the Statements of Claim, the Claimants sustained losses in the Morgan Keegan Funds caused by Morgan Keegan's false and misleading statements about the Fund's risk tolerance, asset allocation, lack of diversification, and lack of suitability for the claimants. The Claims also allege that Morgan Keegan violated Rule 10b-5 of the Securities Exchange Act of 1934, as well as applicable state securities laws. James A. Dunlap Jr. & Associates LLC and affiliated attorneys have filed arbitration claims on behalf of other investors in the Regions Morgan Keegan Bond Funds from across the country. The arbitration claims involve losses in the following Morgan Keegan Bond Funds:

RMH RMK High Income Fund
RHY RMK Multi-Sector High Income Fund
RMA RMK Advantage Income Fund
RSF RMK Strategic Income Fund
RHICX Regions MK Select High Income-C
MKHIX Regions MK Select High Income-A
RHIIX Regions MK Select High Income-I
RIBCX Regions MK Select Intermediate Bond Fund-C
MKIBX Regions MK Select Intermediate Bond Fund-A
RIBIX Regions MK Select Intermediate Bond Fund-I

Specific information about the Morgan Keegan fund claims can be reviewed at http://www.jamesdunlaplaw.com/cms.php?id=36.
 

Edited by: Armie Margaret Lee


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use