Morgan Keegan To Pay Sports Agent In Bond Investment Case

Law360, New York (February 21, 2012, 7:09 PM EST) -- A Financial Industry Regulatory Authority panel on Friday awarded the co-founder of a prominent sports agency — whose client roster includes quarterback Tim Tebow — $400,000 over allegations that Morgan Keegan & Co. Inc. deceptively spurred investments in bond funds laden with mortgage-backed securities.

W. Kyle Rote Jr. had been seeking $954,000 from Morgan Keegan, accusing the brokerage and investment banking firm of breach of fiduciary, fraud and other claims because it allegedly failed to disclose the risks involved with investing in the bond funds....
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