A Morgan Keegan broker has been barred from the industry by FINRA, according to an article on onwallstreet.com. Michael Venable, of Tyler, Texas, was barred for life from the financial industry after he jeopardized 10 of his clients. The article discussed Venable putting people into investments that were not suitable for them, sometimes without their knowledge at all, and engaging in excessive trades to garner large commissions for himself (also called “churning”).

If you or someone you know lost money due to an investment with Morgan Keegan, misrepresentation of your investments, or if you believe your account has been subjected to multiple unnecessary trades (“churning”),  please contact Richard Frankowski at 205-747-1903 to discuss your potential legal remedies.