Mr. Stone represents securities and immigration clients nationally and employment and family law clients in New York, including New Rochelle, White Plains, Larchmont, Scarsdale, Bronxville, Pelham, Mount Vernon, Harrison, Purchase, the Bronx, Manhattan, Queens, Brooklyn, and Connecticut.
Morgan Keegan Bond Fund Losses
Westchester, White Plains & NYC, NY Securities Attorney
You may be able to recover money you lost in Morgan Keegan bond funds. Morgan Keegan recommended and sold RMK Funds to investors as safe investments with low risk. But these were not safe investments. Instead, Morgan Keegan invested in risky, mortgage-backed securities, many of which contained speculative sub-prime loans and collateralized debt obligations.
You know that there is risk in investing, but if your broker recommended Morgan Keegan bond funds as safe investments and you lost more than half of your investment, something was terribly wrong. You may be able to recover losses.
The market was not the main cause of losses in Morgan Keegan bond funds. Instead, the fund managers caused investor losses by making massive investments in Collateralized Debt Obligations (CDOs). When the subprime market collapsed in 2007, the value of the funds collapsed too.
For a free case evaluation to recover your Morgan Keegan bond fund losses, contact Westchester, White Plains and NYC securities attorney Douglas Stone. NYC, NY securities attorney Mr. Stone is a securities arbitration attorney with over 15 years of experience. Before he opened his law firm, he worked at Morgan Stanley and Smith Barney where he handled thousands of investor disputes. You can reach Mr. Stone by phone at 866 720-3754 or 914 636-2648 or by e-mail at dstone@dougstonelaw.com.
