States: Morgan Keegan misled bond investors

Posted April 8, 2010 at 8:12 p.m.

By Gail MarksJarvis | Morgan Keegan, which ran Regions Morgan Keegan bond funds that plunged in value during the subprime mess, is being accused by regulators of fraud, including misleading investors by failing to accurately reflect the value and risks of mortgage-related bonds that soured the funds.

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