The Wall Street Journal reported on Wednesday that the Alabama Securities Regulator mistakenly released confidential information about Morgan Keegan clients in response to a request for publicly available exhibits to a regulatory complaint filed by the Alabama Securities Commission. The commission had been investigation Morgan Keegan over customer losses experienced in the company’s RMK Bond funds and filed a regulatory action in July regarding same. However, when a Birmingham securities attorney was unable to access the exhibits online, he requested a certified copy from the commission. A disk was provided that included the client information. The disk has since been returned and there has been no report of any misuse of the information to date.
Alabama Securities Regulator Mistakenly Released Confidential Information about Morgan Keegan Clients
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