Press Coverage

By: Dan Jamieson, Investment News (Apr 2010)

"FINRA, SEC and state regulators swarm Morgan Keegan with fraud charges" quotes Craig McCann on damning internal documents released by regulators as they announce their actions against Morgan Keegan.

By: Matthew Goldstein, Reuters (Mar 2010)

"Complex notes with principal guarantees spring back" quotes Craig McCann on the resurgence of principal protected notes less than two years after the collapse of Lehman Brothers caused billions of dollars of losses in securities that were supposed to be safe.

SMUD sues Wall St. firms over alleged bid rigging

By: Jim Downing, The Sacramento Bee (Nov 2009)

"SMUD sues Wall St. firms over alleged bid rigging" quotes Craig McCann on the impact of alleged bid rigging by Wall Street firms in the municipal derivatives market.

By: Securities Litigation & Consulting Group (Sep 2009)

Securities Litigation and Consulting Group, Inc. ("SLCG") has issued an updated study on leveraged municipal bond hedge funds -- including Citigroup's MAT 3, MAT V and Falcon Strategies. The study reports that more than 35 similar hedge funds, including Stone & Youngberg Municipal Advantage Fund, 1861 Capital Management, Gem Capital, Rockwater Hedge Fund, LLC, and Blue River Asset Management Main Muni Fund were mis-marketed to investors as high yield, low risk alternatives to traditional municipal bond funds entitled "Leveraged Municipal Bond Arbitrage: What Went Wrong?"

By: Crystal Jarvis, Birmingham Business Journal (May 2009)

"Morgan Keegan suits loom large over Regions Financial" quotes Craig McCann of SLCG on the inferior tranches of structured finance deals that dominated the RMK bond funds' portfolios.

By: Frederick G. Marks, Barrons (Apr 2009)

"Designed to Deceive: Equity Indexed Annuities" discusses SLCG research into equity-indexed annuities.

By: Securities Litigation & Consulting Group (Jan 2009)

SLCG issued a press release today announcing the distribution of its study of six Regions Morgan Keegan bond funds (RMH, RHY, RMA, RSF, MKHIX and MKIBX) entitled "Regions Morgan Keegan: The Abuse of Structured Finance - Third Draft".

By: Ron Lieber, The New York Times (Oct 2008)

Ron Lieber's "Weighing an Investment That Promises No Risk" discusses the sales pitch used to sell high cost equity indexed annuities to older investors despite the poor performance of EIAs relative to liquid investments in stock and bond mutual funds. The article reports Craig McCann's research into and valuation of EIAs.

By: Securities Litigation & Consulting Group (Oct 2008)

SLCG issued a press release today announcing the distribution of its study of six Regions Morgan Keegan bond funds (RMH, RHY, RMA, RSF, MKHIX and MKIBX) entitled "Regions Morgan Keegan: The Abuse of Structured Finance".

By: The North American Securities Administrators Association (Sep 2008)

The North American Securities Administrators Association submitted an SLCG White Paper, "An Economic Analysis of Equity-Indexed Annuities," authored by Dr. Craig McCann to the Securities and Exchange Commission with a comment letter in support of the SEC's proposal to extend the full protections of the federal securities laws - full and accurate disclosure of all material facts and fair dealing in sales practices - to purchasers of contracts. Read the rule.