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Morgan Keegan Mutual Fund Losses

By Vincent Imbesi

Individual Investor that Purchased Several Morgan Keegan Income Mutual Funds Filed an Arbitration Claim Against Morgan Keegan, Senior Partners Paul J. Napoli and Marc Jay Bern of the Law Firm Napoli Bern Ripka Announce -- RHY, RMH, RMA, MKIBX and RSF

October 1, 2008

NEW YORK, October 1, 2008 (GLOBENEWSWIRE) -- The law firm of Napoli Bern Ripka LLP, announced today that it filed another arbitration claim with FINRA (Financial Industry Regulatory Authority) against Morgan Keegan & Company, Inc., on behalf of an investor that purchased several Income mutual funds issued and managed by Morgan Keegan.

The claim is on behalf of an investor who purchased the RMK Multi-Sector High Income Fund (NYSE:RHY - News,) RMK Strategic Income Fund (NYSE:RSF - News,) RMK High Income Fund (NYSE:RMH - News) and RMK Advantage Income Fund (NYSE:RMA - News.)

The following funds' have similar losses:

Ticker Bond Fund

RMH RMK High Income Fund

RHY RMK Multi-Sector High Income Fund

RMA RMK Advantage Income Fund

RSF RMK Strategic Income Fund

RHICX Regions MK Select High Income-C

MKHIX Regions MK Select High Income-A

RHIIX Regions MK Select High Income-I

RIBCX Regions MK Select Intermediate Bond Fund-C

MKIBX Regions MK Select Intermediate Bond Fund-A

RIBIX Regions MK Select Intermediate Bond Fund-I

According to attorney Vincent J. Imbesi, who heads Napoli Bern’s securities division, ``Representatives employed by Morgan Keegan marketed the funds to investors as an alternative to money market funds. Investors thought they were purchasing safe, conservative funds. They received the opposite.''

The firm is representing investors on an individual basis, not in a class action. The firm believes that investors have a better chance of recovering more money, in a shorter time frame, by filing an individual arbitration, compared to participating in a class action. The firm does not charge a legal fee unless it recovers money for its clients. Investors can obtain a free legal consultation by contacting Vincent J. Imbesi at 1- (888) 529-4669. The firm will represent purchasers of the above-listed Morgan Keegan funds regardless of the amount lost (most firms requires a minimum loss of $50,000.)

The law firm of Napoli Bern Ripka has recovered over 1.5 billion dollars ($1,500,000,000) for its clients. The firms' attorneys have represented hundreds of investors in FINRA arbitrations. Napoli Bern Ripka, LLP (“NBR”) is a nationally known plaintiff’s law firm with offices in New York City, Long Island, New Jersey, and Philadelphia. In addition to Stock Fraud claims, the firm represents clients in personal injury matters, medical and other professional malpractice, and pharmaceutical products liability (diet drugs, Rezulin and Trasylol) as well as toxic tort and other environmental claims. The firm has more than 60 years of combined litigation experience in trial and appellate courts.

Senior Partners Marc Jay Bern and Paul J. Napoli have been chosen for inclusion in New York Super Lawyers^® for 2007 and both are members of the prestigious Litigation Counsel of America. Both Bern and Napoli are also long-time members of the invitation-only Million Dollar Advocates Forum.

Napoli Bern Ripka, LLP

Vincent J. Imbesi

1-(888) 529-4669

vimbesi@napolibern.com

http://www.stockloss.us.com/

Originally posted at InjuryBoard by Vincent Imbesi

Full post as published by New York City Personal Injury Lawyer on October 01, 2008 (boomark / email).