Have you suffered investment losses in any of the following RMK High Yield Funds sold by Morgan Keegan?
- Regions Morgan Keegan Select High Income
- Regions Morgan Keegan High Income Fund
- Regions Morgan Keegan Strategic Income Fund
- Regions Morgan Keegan Select Intermediate Bond Fund
- Regions Morgan Keegan Multi-Sector High Income
- Regions Morgan Keegan Advantage Income
If so, The White Law Group may be able to help. The White Law Group is investigating potential securities fraud claims involving Morgan Keegan’s recommendation that investors purchase these risky funds.
The investors we have spoken to have indicated that certain Morgan Keegan financial advisors marketed and sold these funds as investments similar to corporate bonds and preferred stocks. In reality, the funds invested in high-risk derivatives and equally vulnerable securities tied to the subprime mortgage market. Moreover, the prospectuses on the Morgan Keegan funds failed to disclose the high levels of credit risk to which shareholders were exposed.
As a result of these inappropriate and high-risk investments taken by the fund managers, certain Morgan Keegan funds suffered losses in excess of 50% during 2007 and 2008. Investors I these funds may be able to recover their losses through FINRA arbitration.
To determine whether you may be able to recover investment losses incurred as a result of your purchase of a RMK High Yield Fund sold by Morgan Keegan, please contact The White Law Group at 312-238-9650.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.
For more information on The White Law Group, visit http://www.whitesecuritieslaw.com.