Arbitration to Recover Morgan Keegan Bond Fund Losses
Many investors in Morgan Keegan bond funds have suffered substantial losses as a result of negligent management and the brokerage’s failure to adequately inform them about the nature of the securities which were in the funds’ portfolios. The securities arbitration lawyers at Saiontz, Kirk & Miles, P.A. are assisting investors who lost over $10,000 recover Morgan Keegan bond fund losses.
Many investors in Morgan Keegan’s RMK Select High Income Fund and RMK Select Intermediate Bond Fund lost between half and two thirds of their investment during 2007. Morgan Keegan heavily invested in new types of mortgage securities which were tied to subprime mortgages. They also failed to disclose to investors the risky nature of these illiquid securities, and when the subprime mortgage market crashed, substantial losses were suffered.
As a result of this fraud, investors may be able to recover a portion of their bond fund losses from Morgan Keegan and Regions Financial Corp. A Morgan Keegan class action suit has been filed to recover bond fund losses, but many individual investors who lost over $10,000 may be better served by pursuing an individual lawsuit, instead of receiving only a small portion of their financial damages.
Our Morgan Keegan lawyers are pursuing individual arbitration claims for RMK bond fund losses throughout the United States. Request a free consultation and claim evaluation to review the circumstances surrounding the investment to help determine if you may have a case for securities fraud.
Arbitration clauses are contained in nearly every investment broker agreement, which require that individual disputes and attempts to recover losses suffered as a result of misconduct or fraud be handled through binding arbitration. Individual claims for Morgan Keegan bond fund losses will be reviewed by a panel of arbitrators who will hear the same evidence and arguments which could be made through a court trial.
The securities arbitration panels are generally comprised of attorneys, accountants, retired judges, bankers, brokers and other professionals, but usually only one of them is considered an “industry” person. Although some investors who suffer loses at the hands of corrupt or negligent financial professionals are initially apprehensive about submitting their claim for arbitration, the proceedings are not inherently biased towards the brokerage firm. According to reviews of securities arbitration statistics, approximately 80% of all arbitration claims for investment losses are settle in favor of the investor before an award, and more than half of the cases which do not settle resolve in favor of the individual investor.
The attorneys at Saiontz, Kirk & Miles, P.A. investigate claims for Morgan Keegan losses under a contingency fee agreement. This means that there are no attorney fees or expenses unless a recovery is secured for the investment loss. If you, a friend or family member lost at least $10,000 from an investment in a Morgan Keegan bond fund, request a free consultation and claim evaluation.
