Investor Awarded $1.95M Against Morgan Keegan Over Bond Funds
A Birmingham investor has been awarded $1.95 million in a stock broker arbitration claim against Morgan Keegan & Co., in which it was alleged that the investment firm steered him…
Tag Archives: Morgan Keegan
-
-
Morgan Keegan Accused of Fraud and Reckless Business Practices
The U.S. Securities Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) and four states have charged Morgan Keegan & Company with fraud and reckless business practices, saying the company caused…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
