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Finra, SEC and state regulators swarm Morgan Keegan with fraud charges

A swarm of state and federal regulators made a bee line for Morgan Keegan on Wednesday. The reason? Alleged wrong-doing in the sales and marketing of mortgage-backed bond funds

State and federal regulators teamed up today to file potentially devastating enforcement actions against Morgan Keegan & Co. Inc. and its asset management unit, Morgan Asset Management Inc., over the firms' management and sale of failed bond funds.
The Regions Morgan Keegan Select bond funds, whic

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