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Old 06-22-2011, 07:12 PM
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Default SEC settles with Morgan Keegan over mortgage fraud

WASHINGTON (MarketWatch) - A group of federal and state regulators announced that Morgan Keegan & Company has agreed to pay $200 million to settle fraud charges related to subprime mortgage-backed securities, the Securities and Exchange Commission said Wednesday. The SEC's order found that Morgan Keegan failed to employ reasonable pricing procedures, published the inaccurate information and sold ...
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