MORGAN KEEGAN BOND FUNDS
HAVE YOU LOST MONEY IN MORGAN KEEGAN FUNDS?
You may have grounds to recover your investment losses if you have invested in:
- Regions MK Select Intermediate Bond Fund (RIBCX, MKIBX, and RIBIX)
- Regions MK Select High Income Fund (RHICX, MKHIX, and RHIIX)
- RMK Multi-Sector High Income Fund (RHY)
- RMK High Income Fund (RMH)
- RMK Strategic Income Fund (RSF)
Morningstar Inc. data indicates that the Regions Morgan Keegan Select Intermediate Bond Fund, one of the worst performing funds, is down 44% since the start of 2008 and 72% over the past year. It is rare for bond mutual funds to suffer annual losses of that magnitude. Holdings in the funds include collateralized debt obligations and other securities which are difficult to value. According to the Wall Street Journal, funds like the Regions Morgan Keegan Select High Income Fund likely have suffered due to an over-concentration in subprime mortgage-backed securities causing investors to lose millions of dollars.
Morgan Keegan has been fined for securities violations by regulators in the past few years for their bond fund practices, including inadequate disclosure for municipal and corporate bonds in the auction rate securities market, excessive mark-ups on securities, and late-trading of mutual funds.
Contact the securities attorneys at SNSFE today to discuss your options. You can reach Jim Eccleston, head of SNSFE's securities department, at JEccleston@snsfe-law.com or 312.621.4400.
__________________________________________________
Relevant posts/podcasts:
Managers Replaced At Poorly-Performing Regions Morgan Keegan Funds; SNSFE Continues To Investigate
Please visit our websites at snsfe-law.com and financialcounsel.com.
Shaheen, Novoselsky, Staat, Filipowski & Eccleston, P.C. | 20 N. Wacker Drive, Suite 2900 | Chicago, IL 60606-9719 | Tel 312.621.4400 | Fax 312.621.0268
FinancialCounsel.com, hosted by James J. Eccleston, is the companion website to this blog. It contains complimentary material of general interest to investors and financial services professionals. Investors will find material on securities arbitration to recover investment losses; industry and financial markets intelligence; and strategies for estate planning. Professionals have access to material on broker/adviser registration, regulation, compliance and disciplinary proceedings; industry and financial markets intelligence; strategies for estate planning; and broker/adviser employment litigation and injunctions, including defamation and non-competition/solicitation issues. 
James J. Eccleston heads the securities group at Shaheen, Novoselsky, Staat, Filipowski & Eccleston, P.C., a business law firm dedicated to closely-held business owners, senior executives and high net worth individuals. With three core practice groups - securities, general litigation, and corporate / transactional - and many subspecialties, SNSFE provides our clients a full spectrum of legal services, from start-up to succession planning. Visit us at snsfe-law.com or call 312.621.4400 for more information. 