All Articles Tagged With: "Morgan Keegan"
Articles
Bond Fund Claims Against Morgan Keegan Results in $3.6M in Awards
Two arbitration panels have ordered Morgan Keegan & Co. to pay a combined total of $3.6 million to two investors who lost money in the brokerage firm’s bond funds, which collapsed after the subprime mortgage crash in 2007.
Morgan Keegan Mutual Fund Claim Results in $1.5M Arbitration Award
A former pro basketball player has been awarded $1.46 million in an arbitration claim over investment losses associated with certain Morgan Keegan mutual funds, which suffered dramatic losses as a result of risky sub-prime mortgage-backed securities.
Charles Schwab Lawsuit Filed by New York AG Over Auction Rate Securities
New York Attorney General Andrew Cuomo filed a lawsuit against Charles Schwab Corp. on Monday, accusing the brokerage firm of defrauding customers by misrepresenting the level of risk associated with auction rate securities (ARS).
Morgan Keegan Lawsuit Filed by SEC Over Auction Rate Securities
Federal regulators have filed a lawsuit against Morgan Keegan & Co. Inc. for allegedly bilking investors of nearly $925 million by misrepresenting the safety of auction-rate securities and the state of Alabama is threatening to take the company’s broker-dealer license.
Bond Fund Arbitration Results in $267,000 for Morgan Keegan Investor
An investor who filed an arbitration claim as a result of losses suffered in a Morgan Keegan bond fund that collapsed after the subprime mortgage meltdown, was recently awarded $267,711 by the Financial Industry Regulatory Authority (FINRA).
Merrill Lynch Investor Arbitration Claim Results in $39.8 Million Award
An arbitration panel through the Financial Industry Regulatory Authority (FINRA) awarded an investor $30.6 million in compensatory damages and $9.2 million in interest against Merrill Lynch as a result of the negligence of one of their subsidiary broker-dealers.
Morgan Keegan Losses Awarded by FINRA Arbitration Panels
Arbitration panels through the Financial Industry Regulatory Authority (FINRA) have returned awards totaling more than $600,000 in six claims brought by investors to recover Morgan Keegan losses that were allegedly caused by a scheme to defraud investors in certain bond funds managed by the Memphis brokerage firm.
Stock Broker Arbitration Claims Up 49% From 2007
According to the latest figures from the Financial Industry Regulatory Authority (FINRA), through October 2008, investment arbitration claims are up 49% from 2007. In addition, during the first 10 months of 2008, more cases have been already been filed than were filed in all of last year
Morgan Keegan Arbitration Losses Could Exceed $200 Million
Over 1,000 investors have filed FINRA arbitration cases against Morgan Keegan to recover losses suffered in a number of bond funds managed by the regional brokerage firm, some of which have lost up to 95% of their value since mid-2007. According to Investment News, Morgan Keegan could ultimately end up paying over $200 million [...]
Morgan Keegan Arbitration Award for Over 75% of Mutual Fund Losses
In what is believed to be the first Morgan Keegan arbitration award for losses associated with the crash of the subprime mortgage market last year, an individual investor will recover over 75% of his claimed mutual fund losses.
