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Morgan Keegan to Pay $200 Million to Settle Fraud Charges Related to Subprime Mortgag Morgan Keegan to Pay $200 Million to Settle Fraud Charges Related to Subprime Mortgag
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Old 06-22-2011, 07:12 PM
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Default Morgan Keegan to Pay $200 Million to Settle Fraud Charges Related to Subprime Mortgag
Washington, D.C., June 22, 2011 – The Securities and Exchange Commission, state regulators, and the Financial Industry Regulatory Authority (FINRA) announced today that Morgan Keegan & Company and Morgan Asset Management have agreed to pay $200 million to settle fraud charges related to subprime mortgage-backed securities.
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