Ex-Keegan fund directors left clients "in the dark’: SEC
U.S. regulators have accused eight former Morgan Keegan & Co. Inc. mutual fund directors of allowing assets backed…
U.S. regulators have accused eight former Morgan Keegan & Co. Inc. mutual fund directors of allowing assets backed by subprime mortgages to be overvalued as the housing market collapsed in 2007.
The action, filed in administrative court by the Securities and Exchange Commission last Monday,
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