Defendant Name:
Morgan Keegan & Company, Inc.
Defendant Type:
Subsidiary of Public Company
Document Reference:
LR-21143
Document Details
Legal Case Name
SEC v. Morgan Keegan & Company, Inc.
Document Name
SEC Charges Morgan Keegan & Company, Inc. with Fraudulent Marketing and Sales of Auction Rate Securities
Document Date
21-Jul-2009
Document Format
Civil Proceeding
Case Number
09-cv-01965
Federal District Court
Georgia, Northern District of Georgia
Allegation Type
Broker Dealer
Document Summary
The SEC stated that: "[I]t has filed a complaint in the U.S. District Court for the Northern District of Georgia against Morgan Keegan & Company, Inc. ("Morgan Keegan"), a Tennessee-based broker-dealer, for misleading investors regarding the liquidity risks associated with auction rate securities ("ARS") that the firm underwrote, marketed, or sold."