Morgan Keegan Bond Funds
Morgan Keegan, an investment brokerage firm located in Memphis Tennessee, misled investors and acted inappropriately in the management of ten bond funds which include:
- Regions Morgan Keegan Select Intermediate Bond Fund - A, symbol: MKIBX
- Regions Morgan Keegan Select Intermediate Bond Fund - C, symbol: RIBCX
- Regions Morgan Keegan Select Intermediate Bond Fund - I, symbol: RIBIX
- Regions Morgan Keegan Select High Income - A, Symbol: MKHIX
- Regions Morgan Keegan Select High Income - C, Symbol: RHICX
- Regions Morgan Keegan Select High Income - I, Symbol: RHIIX
- RMK High Income Fund - RMH
- RMK Strategic Income Fund - RSF
- RMK Multi-Sector High Income Fund - RHY
- RMK Advantage Income Fund - RMA
These funds invested a substantial portion of their assets in high-risk, collateralized securities, such as subprime mortgage loans and other illiquid securities. The RMK losses were not caused by a downturn in the economy but instead were caused by improper fund management, which placed investors in a vulnerable position.
Napoli Bern Ripka LLP, has filed numerous FINRA arbitrations on behalf of their clients. If you purchased any of these funds at the advice of a broker please contact us. We can help.
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