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RMK Bond Fund Losses
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New York, NY: During the past two years a large number of cases have been filed against Morgan Keegan involving Regions Morgan Keegan RMK Bond Funds. RMK Funds suffered from enormous losses during 2007 as a result of the risky investments held by the Funds.
Specifically, the RMK Funds, issued by Morgan Keegan & Co, were marketed and recommended as safe investments for low risk investors. However, the RMK Funds misrepresented the fact that funds held risky mortgage-backed securities. Consequently, investors who held RMK Funds suffered significant losses.
Examples of RMK Bond Funds that have reportedly suffered losses as of year-to-date returns as of 12/31/07 include:
RMHRMK High Income Fund (-65.53%)
RHYRMK Multi-Sector High Income Fund (-65.09%)
RMARMK Advantage Income Fund (-66.68%)
RSFRMK Strategic Income Fund (-66.92%)
RHICXRegions MK Select High Income-C (-59.95%)
MKHIXRegions MK Select High Income-A (-59.74%)
RHIIXRegions MK Select High Income-I (-59.64%)
RIBCXRegions MK Select Intermediate Bond Fund-C (-50.54%)
MKIBXRegions MK Select Intermediate Bond Fund-A (-50.30%)
RIBIX Regions MK Select Intermediate Bond Fund-I (-50.07%)
Last updated on
Specifically, the RMK Funds, issued by Morgan Keegan & Co, were marketed and recommended as safe investments for low risk investors. However, the RMK Funds misrepresented the fact that funds held risky mortgage-backed securities. Consequently, investors who held RMK Funds suffered significant losses.
Examples of RMK Bond Funds that have reportedly suffered losses as of year-to-date returns as of 12/31/07 include:
RMHRMK High Income Fund (-65.53%)
RHYRMK Multi-Sector High Income Fund (-65.09%)
RMARMK Advantage Income Fund (-66.68%)
RSFRMK Strategic Income Fund (-66.92%)
RHICXRegions MK Select High Income-C (-59.95%)
MKHIXRegions MK Select High Income-A (-59.74%)
RHIIXRegions MK Select High Income-I (-59.64%)
RIBCXRegions MK Select Intermediate Bond Fund-C (-50.54%)
MKIBXRegions MK Select Intermediate Bond Fund-A (-50.30%)
RIBIX Regions MK Select Intermediate Bond Fund-I (-50.07%)
Legal Help
Investors who believe that they may have a valid claim arising out of losses incurred through RMK Bond Funds, please click the link below and your complaint may be sent to a lawyer who will evaluate your claim at no cost or obligationLast updated on
RMK BOND LOSSES LEGAL ARTICLES AND INTERVIEWS
Morgan Keegan Under Fire for Feeding Madoff Funds
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