Morgan Keegan must repay over $470,000 in financial losses of a group of RMK Fund investors, according to the June 13, 2012 Order of an arbitration panel of the Financial Industry Regulatory Authority (FINRA). The three person arbitration panel heard the case in Birmingham, AL.
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 alleged that the funds were unsuitable investments for them and were misrepresented by Morgan Keegan as being much safer than they actually were. The claimants were represented by attorneys Howard Prossnitz of Chicago, IL and Richard S. Frankowski and Robert E. Norton and of the firm The Frankowski Firm in Birmingham, AL.
If you or someone you know lost money in the RMK bond funds or in any Morgan Keegan investment, please contact Richard Frankowski at 205-747-1903 to discuss your potential legal remedies.