INDIANAPOLIS, June 13, 2008 (LAWFUEL) — The collapse of Morgan
Keegan bond mutual funds has led to investor claims and a continuing
investigation of Regions Financial Corporation (NYSE:RF), according to
a four-law firm legal team with nationally recognized securities law
experience (www.subprimelosses.com).
“We are investigating the links between depositors of Regions Bank who
had CDs and savings accounts, who were referred to Morgan Keegan for
investments in their bond funds,” said attorney Mark E. Maddox of
Maddox Hargett & Caruso, P.C. “Unfortunately, the Regions Bank
employees were as much in the dark about the risks of these bond funds
as their customers.”
Investors in numerous Morgan Keegan bond mutual funds have experienced
losses in net asset value of more than 50 percent since the beginning
of 2007, with large losses sustained by many. News reports have
indicated that mortgage-backed securities and CDOs may constitute
significant portions of Morgan Keegan bond fund portfolios that lost
money. “We are investigating how culpable Regions Bank may have been in
referring unsuspecting, risk averse bank savers into these funds. The
following Morgan Keegan Funds have been adversely impacted by the
collapse of the mortgage markets and subprime crisis:
— Regions Morgan Keegan Select High Income-A, (Sym: MKHIX)
— Regions Morgan Keegan Select High Income-C, (Sym: RHICX)
— Regions Morgan Keegan Select High Income-I, (Sym: RHIIX)
— RMK High Income Fund, (NYSE:RMH)
— RMK Strategic Income Fund, (NYSE:RSF)
— Regions Morgan Keegan Select Intermediate Bond Fund-A, (Sym: MKIBX)
— Regions Morgan Keegan Select Intermediate Bond Fund-C, (Sym: RIBCX)
— Regions Morgan Keegan Select Intermediate Bond Fund-I, (Sym: RIBIX)
— RMK Multi-Sector High Income, (Sym: RHY)
— RMK Advantage Income, (Sym: RMA)
More information is available at www.subprimelosses.com or by
contacting an attorney.
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CONTACT: Aidikoff, Uhl & Bakhtiari, Beverly Hills, California
Ryan K. Bakhtiari
(800) 382-7969
rbakthiari@aol.com
Maddox Hargett & Caruso, P.C., Indianapolis, Indiana;
New York, New York
Mark E. Maddox
(800) 505-5515
mmaddox@mhclaw.com
Page Perry, LLC, Atlanta, Georgia
J. Boyd Page
(877) 673-0047
jbpage@pageperry.com
David P. Meyer & Associates Co., L.P.A., Columbus, Ohio
David P. Meyer
(866) 827-6537
dmeyer@dmlaws.com
