Morgan Keegan Ordered To Pay Bond Investors $9M
By Pete Brush ( October 7, 2010, 3:44 PM EDT) -- A Financial Industry Regulatory Authority arbitration panel has awarded about $9.2 million to a group of investors who claimed Morgan Keegan & Co. Inc. fraudulently recommended they buy "highly risky" bond funds backed by illiquid mortgage-backed loans and collateralized debt obligations....
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