MutualFundWire.com: Morgan Keegan Avoids Another Penalty
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Thursday, November 8, 2012

Morgan Keegan Avoids Another Penalty


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.


Printed from: MFWire.com/story.asp?s=41960

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