Morgan Keegan Bond Funds
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 888-457-1872 or email us at info@beltlawfirm.com for a free consultation regarding your legal rights.
