Morgan Keegan won a civil case this week, managing to avoid a penalty of $1.9 million to a group of investors.
The plaintiffs accused the mutual fund shop of various actions including fraud, breach of fiduciary obligations, gross negligence and breach of customer agreement.
According to a
FINRA filing, the claim was first filed in April of 2010. All claims were denied, including any requests for attorney’s fees to be paid.
This is the latest in a series of rulings regarding Morgan Keegan, covered by MFWire
here,
here and
here.
 
Edited by:
Ben Geier
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