Morgan Keegan & Regions Morgan Keegan Bond Funds
Belt Law Firm, PC is investigating complaints by purchasers of
certain Morgan Keegan bonds. Our investigation specifically
focuses on the Regions Morgan Keegan Multi-Sector High Income
Fund (Symbol: RHY), Regions Morgan Keegan High Income Fund
(Symbol: RMH), Regions Morgan Keegan Select Intermediate Bond
Fund (Symbols: RIBCX, MKIBX, and RIBIX), the Regions Morgan
Keegan Select High Income Fund (Symbols: RHICX, MKHIX, and RHIIX),
Regions Morgan Keegan Advantage Income Fund (Symbol: RMA) and
the Regions Morgan Keegan Strategic Income Fund (Symbol: RSF).
These funds have lost a tremendous amount of value with most
trading 50% to 75% below their 52-week highs.
These bonds were represented to prospective investors as safe,
diversified, conservative investment vehicles. In contrast, it
is alleged that these funds were under-diversified and
over-concentrated in illiquid securities known as Collateralized
Bond Obligations (CBOs), Collateralized Loan Obligations (CLOs)
and Collateralized Mortgage Obligations (CMOs). Additionally,
these funds invested heavily in CMOs based on risky subprime
mortgages. When the subprime market collapsed, the lack of
diversification caused investors to lose tens of millions of
dollars. If you purchased or acquired shares in any of the above
bonds between December 6, 2004 and October 3, 2007, you may have
compensable losses. Contact us at (888) 933-1514 or email us at
info@beltlawfirm.com for a free consultation regarding your
legal rights.
