Morgan Keegan Distribution Set
A.B. Data Ltd. will distribute the money from settlements with Morgan Keegan & Co. and Morgan Asset Management to investors in Mississippi, Alabama, Kentucky, South Carolina and Tennessee.
Mississippi Secretary of State Delbert Hosemann says the five states and the federal Securities and Exchange Commission hired the Milwaukee, Wis.-based company to divide up the $200 million to Morgan Keegan investors.
The funds come from a national settlement reached with Morgan Keegan resulting from an investigation of seven bond funds sold by the investment firm.
Hosemann says about 2,000 Mississippians allegedly were misled about six Morgan Keegan bond funds, losing $65 million.
