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

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

Rating:Morgan Keegan Finds a Wells Notice on its Doorstep Not Rated 5.0 Email Routing List Email & Route  Print Print
Wednesday, July 15, 2009

Morgan Keegan Finds a Wells Notice on its Doorstep

Reported by Armie Margaret Lee

Morgan Keegan & Company, Morgan Asset Management and three employees received a "Wells" notice from the SEC last week in connection with a probe into mutual funds formerly managed by Morgan Keegan, according to an 8-K filing made by Morgan Keegan parent Regions Financial on Wednesday.

The notice, which arrived July 9, informed recipients of SEC staffers' intention to recommend that the commission bring enforcement action for possible breaches of federal securities laws.

Morgan Keegan has been sued by several law firms representing shareholders over losses in RMK bond funds.

In the spring of last year, it moved management of a group of bond funds to Hyperion Asset Management. In January of this year, Morgan Keegan inked a deal to sell the remainder of its retail mutual fund business to Pioneer Investment Management. 

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

5.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q3Q2Q1
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