Client: Burke, harvey & Frankowski
Copyright 2008 Burke, Harvey & Frankowski
Morgan Keegan Bond Fund Fraud
Birmingham, Alabama
If you have invested in Morgan Keegan Bond Funds, you may be entitled to recover the money you've lost. Specifically, the Morgan Keegan Select Intermediate Bond Fund and the MK Select High Income Fund have lost a massive amount of value. If you feel you have a case, Bond Fraud Claims Attorneys Burke, Harvey and Frankowski of Birmingham, Alabama can help you.
Complaints Filed
Fraud complaints are growing in numbers as they are being filed with the Financial Industry Regulatory Authority (FINRA). Morgan Keegan Bond Funds were falsely represented. Investors were lead to believe that these investments were relatively safe and conservative. The complaints allege that the funds were riddled with risks that were not disclosed to potential investors.
Law firms all over the country are working together to investigate the management and performance of these funds and to file claims and lawsuits on behalf of investors who have lost thousands and in some cases millions of dollars by investing in the fraudulent funds.
Other law firms are launching independent investigations on behalf of their clients who have lost investment funds.
Funds Involved
� Morgan Select Intermediate Bond Fund � down 50.5 %
� MK Select High Income Fund � down 59.7 %
These funds were represented as being high-yield, minimal risk funds.
� RMK High Income Fund (RMH)
� RMK Strategic Income Fund (RSF)
� MK Multi-Sector High Income Fund (RHY)
� RMK Advantage Income Fund (RMA)
Some of these closed end funds lost nearly 75% of their value.
Your Legal Rights
It is no secret that investing in the stock market is a risk. Some investments are a higher level of risk than others and it is up to the individual investor to decide on how his investments are played out. If the investor is knowledgeable, he may choose to make his investments on his own. Other investors may choose to be represented by a professional who deals in the stock market for a living.
Either way, the investor is at a major disadvantage when counting on companies such as Morgan Keegan to represent their bond funds in true and accurate light. When an investor, or his representative, are lead to believe that the investment is conservative and then more than 50% of the initial investment is lost, the world of stocks and investments falls apart and someone must be held accountable.
If you lost money investing in Morgan Keegan bond funds, you need representation by a knowledgeable law firm to recover your losses. Contact Burke, Harvey and Frankowski in Birmingham, Alabama today for a free consultation.