You may qualify for a settlement if you were the victim of Morgan Keegan fraud.
Federal regulators, as well as those from several states, have pursued civil penalties and repayment as the result of $2 billion in losses by investors during the subprime mortgage collapse. Thousands of investors lost about $2 billion in 2007 and 2008 as the result of Memphis, Tennessee-based Morgan Keegan & Company’s omissions and misrepresentations about the value of bond funds sold in those years.
Authorities say Morgan Keegan inflated the value of mortgage-based securities to hide the rapidly falling value of risky real estate investments, as well as taking part in other misleading practices that caused significant losses for investors.
If you plan to pursue Morgan Keegan arbitration or a lawsuit, contact the Law Offices of Andrew Stoltmann. He has represented dozens of clients who suffered losses because of Morgan Keegan fraud. Reach out to us for a no-obligation consultation.