Bloomberg News

Morgan Keegan to Pay $200 Million to Settle Fraud Allegations

June 22, 2011

June 22 (Bloomberg) -- Regions Financial Corp.’s Morgan Keegan unit agreed to pay $200 million to settle fraud allegations related to subprime mortgage-backed securities, the U.S. Securities and Exchange Commission said on its website.

To contact the editor responsible for this story: Vivek Shankar at vshankar3@bloomberg.net


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