Morgan Keegan & Co., a unit of Regions Financial, Morgan Asset Management and three employees each received a “Wells” notice from the SEC, the company stated in an SEC filing by Regions on July 9.
A Wells notice states that the SEC intends to bring enforcement actions for possible violations of federal securities laws. The 8-K said the potential actions relate to the SEC’investigation of certain mutual funds formerly managed by Morgan Asset Management. “
The firm is being sued for losses in those bond funds by many former customers of Regions Morgan Keegan. Our law firm represents many investors in claims against Regions Morgan Keegan for losses related to these specific funds.