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Regions Morgan Keegan Agrees to Pay Investors $125 Million

January 23, 2015

Reuters reports that Regions Financial Corp has agreed to $125 million of settlements to resolve lawsuits accusing it of mismanaging three Morgan Keegan bond mutual funds that collapsed in 2007 after investing heavily in subprime mortgages and other risky debt.

Categorised in: Investor Protection, Morgan Keegan