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

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

Rating:Morgan Keegan Splits Arb Rulings on its Regions Select Funds Not Rated 5.0 Email Routing List Email & Route  Print Print
Wednesday, June 3, 2009

Morgan Keegan Splits Arb Rulings on its Regions Select Funds

by: Meredith Mazzilli

The Memphis Commercial Appeal reported Wednesday on Morgan Keegan's mixed run in court this May. Morgan Keegan won eight FINRA arbitration cases regarding the Regions Morgan Keegan Select Funds and lost six.

113 cases in total have been initiated against Morgan Keegan, and 74 of them were dropped. 39 cases were decided by arbitration panels and no damages were assigned in 21 of these cases. The remaining 18 cases that appeared before arbitration panels were assigned a total of $3.3 million in awards.

Investors alleged that Morgan Keegan recommended funds without adequate information about risk and recommended riskier funds to investors who were not ideal candidates for such investments.

Morgan Keegan inked a deal with Pioneer Investment Management early this year to merge 11 RMK Select Funds holding $2 billion in assets with Pioneer funds. (See The MFWire, 1/22/09) Atlanta-based James Dunlap & Associates filed claims with FINRA last fall. (See The MFWire , 10/07/08)  

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
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
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. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use