Securities Fraud Lawyer

Morgan Keegan was the underwriter for the Regions Morgan Keegan Select family of funds.   Morgan Keegan misled its brokerage clients and individual investors as to the risks the RMK Funds took to seek returns.  The Funds affected include:

Closed-End Funds

• RMK High Income Fund – RMH (Now HIH)
• RMK Strategic Income Fund – RSF (Now HSA)
• RMK Multi-Sector High Income Fund – RHY (Now HMH)
• RMK Advantage Income Fund – RMA (Now HAV)

Open-End Funds

• Regions Morgan Keegan Select Intermediate Bond Fund - A, Symbol: MKIBX
• Regions Morgan Keegan Select Intermediate Bond Fund - C, Symbol: RIBCX
• Regions Morgan Keegan Select Intermediate Bond Fund - I, Symbol: RIBIX
• Regions Morgan Keegan Select High Income - A, Symbol: MKHIX
• Regions Morgan Keegan Select High Income - C, Symbol: RHICX
• Regions Morgan Keegan Select High Income - I, Symbol: RHIIX

The RMK Funds invested a substantial portion of their assets in high-risk structured products that were highly speculative and illiquid without disclosing these risks to the investing public.  The RMK Fund's losses were not caused by a downturn in the economy but instead were caused by heavy concentrations in low priority tranches that placed investors in a vulnerable position.  Due to the low priority positions, the Funds bore the first risk of loss to interest and principal repayment.  The risk of non-payment, along with other materially misleading representations, led investors to believe that the RMK Fund's contained diverse higher quality assets when in reality investors could not properly evaluate the risks.  Due to these misleading practices, Morgan Keegan is currently under investigation by the SEC and involved in hundreds of FINRA arbitrations throughout the country. 

Why Come to Napoli Bern Ripka, LLP?

Napoli Bern Ripka, LLP, has been highly successful in arbitrating claims against Morgan Keegan.  With numerous FINRA arbitrations filed on behalf of our clients Napoli Bern Ripka, LLP is a recognized leader in advocating for defrauded investors.  Napoli Bern Ripka, LLP has been successful with clients who lost their investments as clients of Morgan Keegan and for those who have purchased their securities through other brokerage firms.  If you purchased any of these funds and have suffered a financial loss as a result then tell us about your claim.