Morgan Keegan Bond Fund Class Action Suits
As a result of substantial financial losses suffered following the subprime mortgage crash last summer, Morgan Keegan class action suits have been filed on behalf of investors who thought they were putting their money in relatively low risk bond funds. The lawyers at Saiontz & Kirk, P.A. are reviewing potential Morgan Keegan lawsuits on behalf of investors who lost over $10,000.00, as they may be better able to recover their financial losses through an individual lawsuit instead of filing a claim through the class action.
>>INFORMATION: Morgan Keegan Bond Fund Lawsuit
Investors in certain Morgan Keegan bond funds have suffered losses between 50% and 67% during 2007 due to inappropriate investments by fund managers and failure to disclose the true risks associated with securities purchased by the funds. Potential Morgan Keegan lawsuits are being reviewed for investors who purchased shares in the following RMK (Regions Morgan Keegan) funds:
- RMK Select High Income Fund A (MKHIX)
- RMK Select High Income Fund C (RHICX)
- RMK Select High Income Fund I (RHIIX)
- RMK Select Intermediate Bond Fund A (MKIBX)
- RMK Select Intermediate Bond Fund C (RIBCX)
- RMK Select Intermediate Bond Fund I (RIBIX)
- RMK High Income Fund (RMH)
- RMK Multi-Sector High Income Fund (RHY)
- RMK Advantage Income Fund (RMA)
- RMK Strategic Income Fund (RSF)
Morgan Keegan, a division of Region’s Financial Corp, is a regional brokerage firm with offices located throughout the Southeast United States. Lawsuits are being reviewed against Morgan Keegan & Company, Inc., Morgan Asset Management, Inc., MK Holding, Inc. and Regions Financial Corporation.
The Regions Morgan Keegan funds were promoted as a relatively conservative investment option without excessive risk. However, investments were made which violated the objectives outlined in the prospectuses. This exposed investors to risks which they may not have been willing to accept if they were fully informed of facts surrounding the investments by the mutual funds.
FREE MORGAN KEEGAN LAWSUIT EVALUATION
Morgan Keegan class action suits are being pursued on behalf of investors who purchased or acquired shares between December 6, 2004 and October 3, 2007. For investors who suffered losses in excess of $10,000.00 off of the capital they contributed to the investment, individual Morgan Keegan Bond Fund lawsuits are being reviewed throughout the United States by the lawyers at Saiontz & Kirk, P.A.
To review the circumstances surrounding an investment and to determine if losses suffered by you, a friend or family member may qualify for a financial recovery through a potential Regions Morgan Keegan lawsuit, request a free consultation.
[...] Morgan Keegan fraud lawyers at Saiontz, Kirk & Miles, P.A. are reviewing potential RMK bond fund lawsuits for investors who suffered investment losses in excess of $10,000.00 off of the capital they [...]
I bought on 080602 1895.735 shares at 10.55 for 20000.00. Then on 042705 950.570 shares for 10.52 for 10000.00. Put in sell order on 042407 1022.495 shares at 9779.999 made 10000.00
I do not know why but they did not sell all my shares like they were asked. I am now trying to move all my stuff over to someone else. Having trouble because they have not liquidated the fund i requested. Which when they liquidate i will be selling for a lot less then originally asked to sell on that date.
I suffered a loss of $ 9,622.65 from the RHY fund. Purchased it in May 2007 and sold it December 2009.
I would like to join the law suit