Richardson v Morgan Keegan - $431,000 (MKHIX, MKIBX) Award

In June 2009, a FINRA arbitration panel in Boca Raton, FL ordered Morgan Keegan to pay $431,000 in damages after a hearing wherein the Claimants alleged Respondents breached contractual and fiduciary duties, failed to suitably diversify Claimants' accounts and failed to supervise Claimants' accounts in the Claimants' investments in RMK Select High Income Fund (MKHIX) and RMK Select Intermediate Bond Fund. Dr. McCann testified on behalf of the Claimants.

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Craig J. McCann