Stock Fraud Attorneys

Orlando, Florida

Suspected Brokerage and Stock Fraud

Morgan Keegan & Co, one of the most trusted names in investment banking, bartered that trust to sell misrepresented bonds, mutual funds, and other investments that had a level of risk far above and beyond that disclosed to clients.  This company utilized bad risk mortgages, known as Collateralized Mortgage Obligations or Collateralized Debt Obligations, with high exposure to sub-prime loans, as a major portion of several of its supposedly premium funds, such as the Morgan Keegan Select Intermediate Bond Fund and the Morgan Keegan Select High Income Fund.  As a result, when the recent mortgage market collapsed, these funds fell by 50 % or more in value, leaving many investors seeing huge losses and not knowing why.

The law firm of Colling Gilbert Wright & Carter is representing fraud victims who purchased Schwab YieldPlus Funds Investor Shares (Nasdaq: SWYSX) or Schwab YieldPlus Funds Select Shares (Nasdaq: SWYPX) from Charles Schwab Corporation ("Charles Schwab" or the "Company") (Nasdaq: SCHW) from March 17, 2005 to March 18, 2008 and have suffered investment losses. If you’ve suffered losses due to the purchase of these bond funds and would like to have a free case evaluation, email us.