{"id":4549,"date":"2008-01-12T14:13:55","date_gmt":"2008-01-12T14:13:55","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2008\/01\/investors_complain_about_mutua_1"},"modified":"2021-09-20T15:40:50","modified_gmt":"2021-09-20T20:40:50","slug":"investors-complain-about-mutua-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/investors-complain-about-mutua-1\/","title":{"rendered":"Investors Complain about Mutual Funds Sold by Morgan Keegan"},"content":{"rendered":"

\t\t\t\tSome Investors have complained they were sold mutual funds by the securities firm of Morgan Keegan & Company, Inc. based on representations of safety which were unfounded. At this time such complaints are only allegations and no determination has been made that the firm and\/or its representations engaged in any wrongdoing. <\/p>\n

The funds in question include RMK High Income Fund (RMH), RMK Advantage Income Fund (RMA), and RMK Multi-Sector High Income Fund (RHY). Reportedly, these funds were heavily invested into collateralized debt obligations (CDO’s) based on sub-prime mortgages and have therefore declined sharply in value. <\/p>\n

Morgan Keegan is a Memphis, Tenessee based brokerage firm and is a division of Regions Financial Group. The firm’s offices are located primarily in the South, including in the states of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, Tennessee and Virginia. <\/p>\n

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

Some Investors have complained they were sold mutual funds by the securities firm of Morgan Keegan & Company, Inc. based on representations of safety which were unfounded. At this time such complaints are only allegations and no determination has been made that the firm and\/or its representations engaged in any wrongdoing. The funds in question […]<\/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":[3858,3753,3799],"tags":[],"class_list":["post-4549","post","type-post","status-publish","format-standard","hentry","category-morgan-keegan","category-mortgage-backed-securities","category-mutual-funds"],"yoast_head":"\nInvestors Complain about Mutual Funds Sold by Morgan Keegan — Investor Lawyers Blog — January 12, 2008<\/title>\n<meta name=\"description\" content=\"Some Investors have complained they were sold mutual funds by the securities firm of Morgan Keegan & Company, Inc. based on representations of safety — January 12, 2008\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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