Home » NEWS » Banking & Finance » State begins proceedings against Morgan Keegan staffers

State begins proceedings against Morgan Keegan staffers

JACKSON — The Mississippi Secretary of State’s Office today began its administrative proceeding against Brian B. Sullivan, Gary Stringer and Michelle Wood, employees of Morgan Keegan & Company and Morgan Asset Management.

These individuals are believed to have participated in providing Mississippi investors inaccurate information regarding the bond funds in which Mississippi investors lost millions of dollars.

Morgan Keegan & Company and Morgan Asset Management have settled their cases with the State of Mississippi and must cooperate fully with these proceedings. Sullivan, Stringer and Wood did not reach settlement agreements with the state.

They are being represented by Sutherland, Asbill & Brennan of Atlanta, Georgia and a local law firm, Watkins Ludlam.

Kentucky, South Carolina, and Alabama have similar hearings pending against these three individuals. Mississippi is the first state to hold an administrative hearing against Sullivan, Stringer and Wood.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About MBJ Staff

Leave a Reply

Your email address will not be published. Required fields are marked *

*