Beasley, Allen, Crow, Methvin, Portis & Miles, P.C.

Regions Morgan Keegan has suffered it sixth straight loss in arbitration negotiations with investors who claim they lost substantial amounts of money when RMK misrepresented its bond funds. The suits claim RMK presented the bond funds as low-risk investments, when they actually were tied to the volatile mortgage bond market. When the subprime mortgage lending crisis reached a peak, many investors lost up to 80 percent of their money almost overnight.

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Three former Regions Morgan Keegan bond funds that were renamed under the Helios brand when Hyperion Brookfield Asset Management acquired them are now set for liquidation, pending stockholder approval. The troubled funds were acquired after suffering significant and sudden losses during the subprime mortgage crisis.

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Earlier this month, it was announced that Morgan Keegan & Co., the brokerage firm owned by Regions Financial Corp., would be required to repay an investor $267,711 for losses suffered by the collapse of Regions Morgan Keegan investment funds. According to CCNMoney, this is the largest bond fund arbitration award to date.

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