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.
FOLLOW THE MBJ ON TWITTERMy Tweets
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- Officials set hunting dates for birds; expands dove season by 20 days
- FLIPPING OUT — Flipping houses is popular in much of the country, but in Mississippi ...
- MBJ Special report: MDA numbers help with cities’ retail pitches
- REVVING UP — Motorcars of Jackson is preparing to open its first-ever showroom on I-55
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- COO of TL Wallace Construction keeps eye on revenue growth and profits
- Isle of Capri reports decreased in-state revenues; experiencing 'market pressures'
- DREAMS AND OYSTERS — Houstons set for August opening of Saltine in Fondren
- RAISING AWARENESS — Lori Newcomb, family join fight against ovarian cancer