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Morgan Keegan Hit With SEC, FINRA Fraud Claims

By Evan Weinberger (April 7, 2010, 3:23 PM EDT) -- Morgan Keegan & Co. Inc. is facing administrative proceedings brought Wednesday by both the U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority claiming that the investment firm overstated the value of bond funds heavily invested in subprime mortgage-backed securities....

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