Lawyers in the Section represent numerous investors, many of whom were elderly, who purchased bond funds from Regions Morgan Keegan. These bond funds were proprietary funds and were marketed and sold to these investors as being “safe as a C.D.”. However, the funds actually held many subprime mortgages that were highly risky investments. As a result, these investors lost a majority of their initial investment. Scarlette Tuley (Scarlette.Tuley@BeasleyAllen.com), a lawyer in the Section, has successfully handled a number of these cases. We continue to investigate and handle investor security fraud cases, have several pending, with others to be filed very soon.
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