According to this article from Bloomberg News, Raymond James dismissed 200 employees as a result of its purchase of Morgan Keegan & Co., Inc. earlier this year.  Two thirds of those who were cut were Morgan Keegan employees in the fixed income and equity capital markets whose jobs overlapped with Raymond James employees’, according to the article.  Regions Financial Corporation sold Morgan Keegan to Raymond James after Morgan Keegan was sanctioned by regulators, including FINRA and the SEC, for fraudulent sales of the RMK family of bond funds.

If you or someone you know has lost money through RMK bond fund investments or in any Morgan Keegan investment, please contact the attorneys at The Frankowski Firm at 888-741-7503 to discuss your potential legal remedies.