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

Exchange Act
Sec 10(b) + Rule 10b-5
Securities Act
Sec 17(a) (Not specified)
Other
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

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
ap655jtk 06-Jul-2010 ALJ Order
Order Declining to Issue Five Subpoenas
ap656jtk 12-Jul-2010 ALJ Order
Order Addressing Issues Under Rule of Practice 230(G)
ap657jtk 19-Jul-2010 ALJ Order
Order Denying Motion to Disqualify Attorneys for Respondents
ap658jtk 20-Jul-2010 ALJ Order
Order Granting in Part and Denying in Part Motion to Quash Subpoena
ap659jtk 03-Aug-2010 ALJ Order
Order Denying Reconsideration, Certification, and a Stay
3-13847 07-Sep-2010 ALJ Order
Order Addressing the Division of Enforcement's Renewed Motion in Limine
ap660rgm 17-Nov-2010 ALJ Order
Order Amending July 12, 2010, Order Addressing Issues Under Rule of Practice 230(G)
ap665rgm 10-Feb-2011 ALJ Order
Protective Order
ap669rgm 17-Mar-2011 ALJ 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
34-69288-pdp 03-Apr-2013 Administrative Proceeding
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
34-81064_3-13847 30-Jun-2017 Administrative Proceeding
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:

Related Actions:

In the Matter of J. Kenneth Alderman, CPA; Jack R. Blair; Albert C. Johnson, CPA; James Stillman R. McFadden; Allen B. Morgan Jr.; W. Randall Pittman, CPA; Mary S. Stone, CPA; and Archie W. Willis III