Violation Tracker Individual Record

Company: 
Morgan Keegan & Company
Current Parent Company: 
Raymond James Financial
Penalty: 
$200,000,000
Year: 
2011
Date: 
June 22, 2011
Offense Group: 
financial offenses
Primary Offense: 
toxic securities abuses
Secondary Offense: 
investor protection violation
Violation Description: 

The Securities and Exchange Commission, state regulators, and the Financial Industry Regulatory Authority announced that Morgan Keegan & Company and Morgan Asset Management agreed to pay $200 million to settle fraud charges related to subprime mortgage-backed securities.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Florida
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.