Smiley Bishop & Porter LLP

Securities Arbitration & Business Litigation Attorneys

(800) 697-4514
Menu
  • The Firm
    • Firm Overview
    • Attorney Profiles
    • Who We Serve
  • Practice Areas
    • Arbitration Against Stockbrokers
    • Securities
    • Auction Rate Securities Lawyers
  • Cases & Investigations
    • Winning Cases
    • Current Investigations
  • News
    • Firm News
    • SBP In The Press
  • Investor Resources
    • Articles
    • Investment Products
    • Churning Calculator
    • Books for Investors
    • Notable Quotes
    • Helpful Links
  • Blog
  • Payment
    • Pay Invoice
    • Pay Retainer
  • Contact Us

Regions Morgan Keegan Bond Funds

March 10, 2011 by lmitchum

Smiley Bishop & Porter LLP has represented a number of individual and institutional investors who bought shares of Morgan Keegan’s RMK High Yield Bond Funds. RMK Funds were marketed as low risk investments, despite a high concentration in subprime mortgage-backed securities and collateralized debt obligations. A particular problem was that the funds invested in low level tranches which generate high yield but have a high risk of loss. It has been alleged that Morgan Keegan did not adequately disclose risks associated with the Funds’ holdings. The Funds realized significant losses beginning in 2007.

The RMK Funds in question are the Select High (MKHIX), Select Intermediate (MKIBX), Advantage Income Fund (RMA), Strategic Income (RSF), RMK High Income (RMH), and the Multi-Sector High Income (RHY). The remaining funds have been renamed “Helios” and reportedly use a very different investor strategy than when controlled by RMK. The Select High and Select Intermediate Funds are now defunct.

Claims have centered on Morgan Keegan’s sales and marketing efforts of the RMK Bond Funds, as well as the suitability of the investments. The collapse of the Funds has generated SEC, state, and FINRA regulatory complaints, class-action suits, and hundreds of arbitration claims. Smiley Bishop & Porter LLP has successfully represented several claimants in obtaining arbitration awards to recover their losses.

If you believe you have suffered losses because of these products, please contact Smiley Bishop & Porter LLP to discuss your rights at 770-829-3850 or toll-free (800) 697-4514. Smiley Bishop & Porter LLP represents individual and institutional investors in securities arbitration and business litigation. The firm focuses on cases involving defrauded investors, suitability claims, and mismarketeted investment products. Smiley Bishop & Porter LLP is available for a free initial consultation. Please visit us at www.sbpllplaw.com to obtain additional information.

Filed Under: Current Investigations Tagged With: Collateralized Debt Obligations, FINRA, FINRA Arbitration, Investment Fraud Attorney, Morgan Keegan, SEC, Securities Arbitration Attorney, Securities Fraud Lawyer, Securities Law Firm, Securities Lawyers, Stock Fraud Attorney

Cases & Investigations

  • » Home
  • » Winning Cases
  • » Current Investigations
All financial crises have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying means of payment." —John Kenneth Galbraith
Fill out my online form.

6075 Barfield Rd. | Suite 1150 | Atlanta, GA 30328 |(770) 829.3850 | Toll Free (800) 697.4514

Copyright© 2020, Smiley Bishop & Porter LLP. All Rights Reserved. Home | Disclaimer | Contact

Hosting by Packawhallop

SuperLawyers 2011