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.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- White House hotel making comeback in Biloxi
- Supreme Court deals blow to McDaniel's election challenge
- Baseball stadium for Farish Street? It’s possible
- Guns OK inside Mississippi polling places, attorney general says
- McCarthy hired as CFO of Mississippi Development Authority
- State GOP chairman calls on McDaniel to hurry with challenge
- 'Get on Up' movie premiers in Madison with Chadwick Boseman and Tate Taylor walking the red carpet
- Bryant protests immigrant children being housed in state
- Gunn, Reeves introduce performance-based budget plan
- Three indicted, alleged to have embezzled from agency