We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

SEC, Texas Probe Morgan Keegan Over Muni Bond Sales

Law360, New York (May 9, 2013, 4:22 PM EDT) -- Regions Financial Corp. on Wednesday said its former Morgan Keegan unit is under investigation by the U.S. Securities and Exchange Commission and the states of Missouri and Texas over alleged securities law violations involving municipal bonds.

In an SEC filing, Regions said brokerage and investment banking firm Morgan Keegan, which it sold in 2012 to Raymond James Financial Inc. for $930 million, is under scrutiny for purportedly violating securities laws in the underwriting and sale of certain municipal bonds.

Under the terms of the deal that sent Morgan Keegan to Raymond James, Regions agreed to indemnify Raymond James for all legal...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

map

Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.

Related

Sections

Companies

Government Agencies