Morningstar: Anatomy of a Mutual Fund Disaster
Anatomy of a Mutual Fund Disaster Monday July 14, 7:00 am ET By Lawrence Jones Unlike their closed-end and hedge fund counterparts, open-end mutual fund managers must deal with daily asset flows into and out of their funds. Cash flows can be tricky for managers to handle even in the best of times, but managers often see significant...

posted by admin at 01:24 AM

Dunlap Scores $370,000 Award Against Morgan Keegan on Sale of Junk Bond Fund to Seniors

Atlanta, GA—November 22, 2009 (GlobeNewswire via COMTEX) -- On November 19, 2009, a Financial Industry Regulatory Authority (FINRA) arbitration panel award $370,000 in damages and assessed costs against Regions Financial Corp.'s (RF) brokerage unit, Morgan Keegan & Company, Inc. The case is Wade v. Morgan Keegan & Company Inc.., FINRA Case No....

posted by admin at 07:56 PM

Housing Lenders Fear Bigger Wave of Loan Defaults
Published: August 4, 2008, The New York Times. The first wave of Americans to default on their home mortgages appears to be cresting, but a second, far larger one is quickly building.