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Texas Court Upholds $2.1M Morgan Keegan Bond Ruling

By Stewart Bishop ( May 19, 2016, 9:31 PM EDT) -- A Texas appeals court on Wednesday upheld a $2.1 million judgment against wealth management and capital markets firm Morgan Keegan for violating state securities law by not telling investors the true risks of a mortgage-backed securities stake, saying a lower court's ruling was correct even though it reflected a flawed legal theory....

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