Morgan Keegan must repay the financial losses of two Alabama RMK Fund investors, plus attorneys’ fees and forum costs, according to Orders from Arbitrators with the Financial Industry Regulatory Authority (FINRA).
The Claimants are among thousands of investors who lost money as a result of Morgan Keegan’s fraudulent conduct in connection with the RMK (Regions Morgan Keegan) family of bond funds. The claimants were represented by attorneys Robert E. Norton and Richard S. Frankowski of the firm The Frankowski Firm in Birmingham, AL.
The awards of $25,000 plus attorneys’ fees and costs represent the maximum allowable award to claimants in FINRA’s “simplified” proceedings.
If you or someone you know lost money in the RMK bond funds or in any Morgan Keegan investment, please contact the attorneys at The Frankowski Firm at 888-741-7503 to discuss your potential legal remedies.