Law360, New York (March 07, 2011, 6:48 PM ET) -- A Financial Industry Regulatory Authority arbitration panel held Thursday that Morgan Keegan & Co. Inc. should pay more than $250,000 to a Florida couple after placing their entire investment in a now-bankrupt hedge fund that steered investments to Bernard Madoff's Ponzi scheme.
The panel ruled that the Regions Financial Corp. subsidiary did very little due diligence on the investment to Greenwich, Conn.-based Greenwich Sentry LP, a feeder for Bernard L. Madoff Investment Securities LLC that sought bankruptcy protection in November.
Jeffrey and Marisel Lieberman’s entire account...
Morgan Keegan Liable In Madoff Feeder Case: FINRA
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