Defendant Name:
Morgan Keegan & Company, Inc.
Defendant Type:
Subsidiary of Public Company
Document Reference:
2009-166
Document Details
Legal Case Name
SEC v. Morgan Keegan & Company, Inc.
Document Name
SEC Charges Morgan Keegan for 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: "[It] charged Tennessee-based broker-dealer Morgan Keegan & Company, Inc. for misleading thousands of investors about the liquidity risks associated with auction rate securities (ARS), and the agency is seeking a court order requiring Morgan Keegan to repurchase the illiquid ARS from its customers."