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Morgan Keegan scores an arbitration win over bond fund blowups
After a string of high-profile securities arbitration losses, Morgan Keegan & Co. Inc. emerged as a winner in an $8.2 million investor complaint that alleged unsuitability and breach of fiduciary duty related to firm's bond funds.
Sheila Bair and Brooksley Born receive Profile in Courage Award
Sheila C. Bair, the head of the Federal Deposit Insurance Corp., and Brooksley Born, the former chairman of the Commodity Futures Trading Commission in Washington, were honored today for sounding the alarm about the economic crisis.
