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Mark & Associates, P.C. & Burke, Harvey & Frankowski, LLC File FINRA Arbitration on Behalf of Morgan Keegan Bond Fund Investor
Mark & Associates, P.C. & Burke, Harvey & Frankowski, LLC File FINRA Arbitration on Behalf of Morgan Keegan Bond Fund Investor
UNIONDALE, N.Y., May 16 /PRNewswire/ -- Mark & Associates, P.C.
(www.youhaverights.com) and Burke, Harvey & Frankowski, LLC announce that they
have filed an arbitration request with the Financial Industry Regulation
Authority "FINRA" (FINRA Dispute Number 08-01562) on behalf of a client of
Morgan Keegan who lost in excess of $104,000 after investing in two Morgan
Keegan Bond Funds, Morgan Keegan Multi-Sector High Income Fund (NYSE: RHY) and
Morgan Keegan Select Intermediate Bond Fund (RIBCX). The arbitration request's
Statement of Claim alleges that Morgan Keegan violated financial rules and
regulations, state and federal securities laws andFlorida common law, by
making materially false and misleading statements and distributing untrue
information about the risks of these funds to regulators and investors. Morgan
Keegan & Company, Inc. is a subsidiary of Regions Financial Corp (NYSE: RF).
For more information on this case please visit www.MorganKeeganAttorney.com.
The firms believe that Morgan Keegan and Regions Financial failed to
disclose important information in the funds' registration statements, and in
prospectuses about the funds' investments in speculative collateralized debt
obligations (CDOs). Investors in these funds were unaware that they were being
exposed to the volatile subprime mortgage market through the funds' heavy
concentration of investments in CDOs. Several of the funds have lost more than
50 percent of their value as the subprime crisis escalated last year.
Mark & Associates, P.C. and Burke, Harvey & Frankowski, LLC are filing
individual claims on behalf of affected shareholders. An individual claim is
unlike a class action claim in that the remedies sought with individual claims
are based upon the specific merit and facts of a particular loss. Class action
claims are brought by one or more representatives on behalf of a group of
class members who have similar claims.
Investors can get more information by visiting
http://www.MorganKeeganAttorney.com or
http://www.youhaverights.com/corporate-fraud/morgan-keegan-mutual-funds .
Investors can request a free legal consultation by completing the submission
form on these websites or by calling 1-866-50-RIGHTS (1-866-507-4448).
About Mark & Associates, P.C.
Mark & Associates, P.C. is a leading consumer law firm with offices in
Boston, Massachusetts andLong Island,New York. The firm aggressively
represents victims of securities and investment fraud, insurance bad faith,
defective products, dangerous pharmaceuticals and medical devices and serious
accidents. More information on Mark & Associates, P.C. is available at
http://www.youhaverights.com.
About Burke, Harvey & Frankowski, LLC
Burke, Harvey & Frankowski, LLC was founded in 2007 with the idea of
creating a new law firm committed to the representation of consumers and
workers. The core philosophy and goal of the firm is to provide service to
those who do not have a voice and need strong, courageous representation. The
firm is located inBirmingham, Alabama. More information on Burke, Harvey &
Frankowski, LLC is available at http://www.bhflegal.com.
SOURCE Mark & Associates, P.C.
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
Daily NewsTags: Banking and Finance, Legal, Law and Lawyers, new york, massachusetts, Alabama
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