{"id":4545,"date":"2008-01-07T11:47:49","date_gmt":"2008-01-07T11:47:49","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2008\/01\/morgan_keegan_settles_arbitrat"},"modified":"2022-03-25T15:03:32","modified_gmt":"2022-03-25T20:03:32","slug":"morgan-keegan-settles-arbitrat","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/morgan-keegan-settles-arbitrat\/","title":{"rendered":"Morgan Keegan Settles Arbitration Claim Made By Indiana Children\u2019s Wish Fund"},"content":{"rendered":"

Last month, brokerage firm Morgan Keegan made an undisclosed payment to the Indiana Children’s Wish Fund to settle an arbitration dispute. The wish granting organization had lost $48,000 in a mutual fund that was heavily invested in mortgage securities.<\/p>\n

The Indiana Children’s Wish Fund has about $1 million in assets. The Wish Fund was founded by Richard Culley, a blind attorney, in 1984. The charity has granted some 1800 wishes to children who have been diagnosed with life-threatening illnesses. If the charity had not received its settlement sum, it would not have been able to realize the wishes of nine children.<\/p>\n

Last June, a banker at Regions Bank in Indiana recommended that the Wish Fund invest money in a bond that Morgan Keegan offered. Regions Bank and Morgan Keegan are affiliated with one another. Terry Ceaser-Hudson, the Wish Fund’s executive director, says that the Morgan Keegan broker told her that the fund was very safe.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Last month, brokerage firm Morgan Keegan made an undisclosed payment to the Indiana Children’s Wish Fund to settle an arbitration dispute. The wish granting organization had lost $48,000 in a mutual fund that was heavily invested in mortgage securities. The Indiana Children’s Wish Fund has about $1 million in assets. The Wish Fund was founded […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3753],"tags":[],"class_list":["post-4545","post","type-post","status-publish","format-standard","hentry","category-mortgage-backed-securities"],"yoast_head":"\nMorgan Keegan Settles Arbitration Claim Made By Indiana Children\u2019s Wish Fund — Investor Lawyers Blog — January 7, 2008<\/title>\n<meta name=\"description\" content=\"Last month, brokerage firm Morgan Keegan made an undisclosed payment to the Indiana Children's Wish Fund to settle an arbitration dispute. The wish — January 7, 2008\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/morgan-keegan-settles-arbitrat\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Morgan Keegan Settles Arbitration Claim Made By Indiana Children\u2019s Wish Fund — Investor Lawyers Blog — January 7, 2008\" \/>\n<meta name=\"twitter:description\" content=\"Last month, brokerage firm Morgan Keegan made an undisclosed payment to the Indiana Children's Wish Fund to settle an arbitration dispute. 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