MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
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 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |