RMK Fund Lawsuits are being pursued for certain Morgan Keegan investors
Hundreds of Morgan Keegan investors are reviewing potential RMK Fund lawsuits to recover losses suffered due to the recent subprime mortgage crash. Regions Morgan Keegan (RMK) mutual fund managers overconcentrated their portfolios in highly vulnerable collateralized debt obligations without fully disclosing the extent of the investments or the true risks they were exposing their investors to. As a result of their mismanagement and fraudulent misrepresentations, investors may be able to recover some of the losses experienced during 2007.
>>INFORMATION: RMK Fund Lawsuits
RMK Fund Lawsuits
Morgan Keegan fraud lawsuits are being reviewed for investors in:
- RMK Select High Income Fund A
- RMK Select High Income Fund C
- RMK Select High Income Fund I
- RMK Select Intermediate Bond Fund A
- RMK Select Intermediate Bond Fund C
- RMK Select Intermediate Bond Fund I
- RMK High Income Fund
- RMK Multi-Sector High Income Fund
- RMK Advantage Income Fund
- RMK Strategic Income Fund
The RMK Select High Income Fund and RMK Select Intermediate Bond Fund invested a substantial portion of their assets in high-risk, collateralized securities, such as subprime mortgage loans and other illiquid securities. These new types of investments had not been tested through market cycles and were traded in very thin markets where there were not a lot of buyers. This exposed investors to a much higher risk for substantial losses than they agreed to accept when they placed their money in the RMK funds.
The untested investment structures were a larger part of the RMK fund portfolios than other similar mutual funds in the United States. When the subprime mortgage market fell apart last summer, the RMK funds suffered dramatically higher losses than other similar high-yield bond funds, even though the entire industry experienced the same market conditions.
These RMK fund losses were not caused by an economic downturn or market forces, but were directly caused by poor fund management which placed investors in a much more vulnerable position than they agreed to be in. In addition, inadequate steps were taken to minimize investment losses from the mortgage delinquencies which affected a large portion of the RMK fund portfolios.
MORGAN KEEGAN INVESTOR LAWSUITS
The Morgan Keegan fraud lawyers at Saiontz & Kirk, 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 contributed to the Morgan Keegan funds. To review the circumstances surrounding Morgan Keegan investment losses and to determine if you, a friend or family member may be entitled to a financial recovery, request a free Morgan Keegan lawsuit evaluation.
3 Comments • Add Your Comments
john says:
I lost approximately $70,000 in the RMK Select High Income Class A fund.
Posted on April 4, 2008 at 4:59 pm
Johnny says:
I am down on paper over $700,000. This was the only investment in Morgan Keegan I was placed in. The broker said it was secure, and it hasn’t been.
Posted on May 20, 2008 at 10:12 am