News Tagged ‘Kansas City Chiefs

Investors, 6 Morgan Keegan, 0

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 , when they actually were tied to the volatile mortgage bond market. When the lending crisis reached a peak, many investors lost up to 80 percent of their money almost overnight.

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