Defendant Name:
Morgan Keegan & Company, Inc.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Regions Financial Corporation
SIC Code:
6021
CUSIP:
7591EP10
Initial Case Details
Legal Case Name
In the Matter of Morgan Asset Management, Inc. Morgan Keegan & Company, Inc. James C. Kelsoe, Jr.; and Joseph Thompson Weller, CPA
First Document Date
07-Apr-2010
Initial Filing Format
Administrative Action
File Number
3-13847
Allegation Type
Investment Advisers/Investment Companies
AAER
3125
Violations Alleged
•
Sec 17(a) (Not specified)
•
Rule 22c-1 Investment Company Act
Additionally,
Joseph Thompson Weller is alleged to have aided and abetted Morgan Keegan & Company, Inc.'s violation of Sec 10(b) + Rule 10b-5 of the Exchange Act (willfully/knowingly).
Joseph Thompson Weller is alleged to have caused Morgan Keegan & Company, Inc.'s violation of Sec 10(b) + Rule 10b-5 of the Exchange Act.
James C. Kelsoe, Jr. is alleged to have aided and abetted Morgan Keegan & Company, Inc.'s violation of Sec 10(b) + Rule 10b-5 of the Exchange Act (willfully/knowingly).
James C. Kelsoe, Jr. is alleged to have caused Morgan Keegan & Company, Inc.'s violation of Sec 10(b) + Rule 10b-5 of the Exchange Act.
Morgan Asset Management, Inc. is alleged to have aided and abetted Morgan Keegan & Company, Inc.'s violation of Rule 22c-1 Investment Company Act (willfully/knowingly).
Morgan Asset Management, Inc. is alleged to have caused Morgan Keegan & Company, Inc.'s violation of Rule 22c-1 Investment Company Act.
Joseph Thompson Weller is alleged to have aided and abetted Morgan Keegan & Company, Inc.'s violation of Rule 22c-1 Investment Company Act (willfully/knowingly).
Joseph Thompson Weller is alleged to have caused Morgan Keegan & Company, Inc.'s violation of Rule 22c-1 Investment Company Act.
James C. Kelsoe, Jr. is alleged to have aided and abetted Morgan Keegan & Company, Inc.'s violation of Rule 22c-1 Investment Company Act (willfully/knowingly).
James C. Kelsoe, Jr. is alleged to have caused Morgan Keegan & Company, Inc.'s violation of Rule 22c-1 Investment Company Act.
Related Violations Alleged
Morgan Keegan & Company, Inc. is alleged to have aided and abetted
Morgan Asset Management, Inc.'s violation of Section 206(1), 206(2) Advisers Act; Section 34(b) Investment Company Act (willfully/knowingly).
Morgan Keegan & Company, Inc. is alleged to have aided and abetted
James C. Kelsoe, Jr.'s violation of Section 34(b) Investment Company Act (willfully/knowingly).
Morgan Keegan & Company, Inc. is alleged to have aided and abetted
Joseph Thompson Weller's violation of Section 34(b) Investment Company Act (willfully/knowingly).
Morgan Keegan & Company, Inc. is alleged to have aided and abetted an unidentified individual or entity's violation of Rule 38a-1 Investment Company Act (willfully/knowingly).
Morgan Keegan & Company, Inc. is alleged to have caused
Morgan Asset Management, Inc.'s violation of Section 206(1), 206(2) Advisers Act; Section 34(b) Investment Company Act.
Morgan Keegan & Company, Inc. is alleged to have caused
James C. Kelsoe, Jr.'s violation of Section 34(b) Investment Company Act.
Morgan Keegan & Company, Inc. is alleged to have caused
Joseph Thompson Weller's violation of Section 34(b) Investment Company Act.
Morgan Keegan & Company, Inc. is alleged to have caused an unidentified individual or entity's violation of Rule 38a-1 Investment Company Act.
Morgan Keegan & Company, Inc. is alleged to have aided and abetted Helios Select Fund, Inc.'s violation of Rule 38a-1 Investment Company Act (willfully/knowingly).
Morgan Keegan & Company, Inc. is alleged to have aided and abetted Helios High Income Fund, Inc.'s violation of Rule 38a-1 Investment Company Act (willfully/knowingly).
Morgan Keegan & Company, Inc. is alleged to have aided and abetted Helios Multi-Sector High Income Fund, Inc.'s violation of Rule 38a-1 Investment Company Act (willfully/knowingly).
Morgan Keegan & Company, Inc. is alleged to have aided and abetted Helios Strategic Income Fund, Inc.'s violation of Rule 38a-1 Investment Company Act (willfully/knowingly).
Morgan Keegan & Company, Inc. is alleged to have aided and abetted Helios Advantage Income Fund, Inc.'s violation of Rule 38a-1 Investment Company Act (willfully/knowingly).
Morgan Keegan & Company, Inc. is alleged to have caused Helios Select Fund, Inc.'s violation of Rule 38a-1 Investment Company Act.
Morgan Keegan & Company, Inc. is alleged to have caused Helios High Income Fund, Inc.'s violation of Rule 38a-1 Investment Company Act.
Morgan Keegan & Company, Inc. is alleged to have caused Helios Multi-Sector High Income Fund, Inc.'s violation of Rule 38a-1 Investment Company Act.
Morgan Keegan & Company, Inc. is alleged to have caused Helios Strategic Income Fund, Inc.'s violation of Rule 38a-1 Investment Company Act.
Morgan Keegan & Company, Inc. is alleged to have caused Helios Advantage Income Fund, Inc.'s violation of Rule 38a-1 Investment Company Act.
Resolutions
First Resolution Date
22-Jun-2011
Headline Total Penalty and Disgorgement
$100,300,000
Related Documents:
33-9116
07-Apr-2010
Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933, Sections 4C, 15(b) And 21C of the Securities Exchange Act of 1934, Sections 9(b) and 9(f) of the Investment Company Act of 1940, Sections 203(e), 203(f) and 203(k) of the Investment Advisers Act of 1940 and Rule 102(e)(1)(iii) of the Commission's Rules of Practice
Order Declining to Issue Five Subpoenas
Order Addressing Issues Under Rule of Practice 230(G)
Order Denying Motion to Disqualify Attorneys for Respondents
Order Granting in Part and Denying in Part Motion to Quash Subpoena
Order Denying Reconsideration, Certification, and a Stay
Order Addressing the Division of Enforcement's Renewed Motion in Limine
Order Amending July 12, 2010, Order Addressing Issues Under Rule of Practice 230(G)
Protective Order
Order on Respondents' Motion to Compel
34-64720
22-Jun-2011
Administrative Proceeding
Corrected Order Making Findings and Imposing Remedial Sanctions and a Cease-and-Desist Order Pursuant to Section 15(b) of the Securities Exchange Act of 1934, Sections 203(e), 203(f) and 203(k) of the Investment Advisers Act of 1940, and Sections 9(b) and 9(f) of the Investment Company Act of 1940, and Imposing Suspension Pursuant to Section 4C of the Securities Exchange Act of 1934 and Rule 102(e)(1)(iii) of the Commission's Rules of Practice
2011-132
22-Jun-2011
Press Release--Administrative Proceeding
Morgan Keegan to Pay $200 Million to Settle Fraud Charges Related to Subprime Mortgage-Backed Securities
34-64917
19-Jul-2011
Administrative Proceeding
Order Appointing Tax Administrator
34-65227
30-Aug-2011
Administrative Proceeding
Order Appointing Fund Administrator
34-65919
08-Dec-2011
Administrative Proceeding
Order Granting Extension of Time to Submit Proposed Plan of Distribution
Proposed Plan of Distribution
34-70016
22-Jul-2013
Administrative Proceeding
Extension Order
34-70222
16-Aug-2013
Administrative Proceeding
Order Approving Modified Plan and Setting Fund Administrator Bond Amount
34-72599
11-Jul-2014
Administrative Proceeding
Order Directing Disbursement of Fair Fund
34-78541
11-Aug-2016
Administrative Proceeding
Second Order Directing Disbursement of Fair Fund
34-80048
15-Feb-2017
Administrative Proceeding
Order Setting Fund Administrator's Bond Amount
Notice of Name Change of Appointed Tax Administrator
34-86602
08-Aug-2019
Administrative Proceeding
Order Authorizing the Transfer to U.S. Treasury of the Remaining Funds and Any Funds Returned to the Fair Fund in the Future, Discharging the Fund Administrator, Canceling Fund Administrator's Bond, and Terminating the Fair Fund
The SEC stated: "[I]t is ORDERED that: A. The remaining Fair Fund balance of $171,387.07 and any funds returned to the Fair Fund in the future, shall be transferred to the U.S. Treasury...; B. The Fund Administrator, A.B. Data, Ltd., is discharged; C. The Fund Administrator's bond is canceled; and D. The Fair Fund is terminated."
Other Defendants in Action:
