FINRA Tosses $2M Investor Claims Against Morgan Keegan

Law360, New York (November 7, 2012, 11:13 PM EST) -- A Financial Industry Regulatory Authority arbitration panel on Monday dismissed $1.9 million in claims by a group of investors who blamed brokerage Morgan Keegan & Co. Inc.'s for their losses from investments in bond funds backed by illiquid mortgage-backed loans and collateralized debt obligations.

The panel dismissed the investors' claims in their entirety and denied each party's request for costs and attorneys' fees. The panel also assessed the investors and Morgan Keegan $8,000 each to pay for the arbitration hearing sessions.

The FINRA panel did not...
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