by Associated Press Published: October 7,2011
Tags: athletes, athletics, courts, investing, investments, investors, pleas, professional athletes, professional sports, scam, scheme, sentencing, sports
JACKSON — A former National Football League player and Mississippi businessman has admitted to using investors’ money for a planned resort area in China and to buy himself a luxury van, a boat and other items. The Clarion-Ledger reports 48-year-old Jeffrey L. Walker, formerly of Madison, pleaded guilty yesterday in U.S. District Court to wire [...] [...]
LAUREL — Sanderson Farms Inc. has filed a Form S-3 shelf Registration Statement with the Securities and Exchange Commission (SEC) to register for possible future sale shares of the company’s common and/or preferred stock at an aggregate offering price not to exceed $1 billion. The stock may be offered by the poultry company in amounts, [...] [...]
by MBJ Staff Published: September 30,2011
Tags: forestry, forests, investing, investments, land, mergers and acquisitions, real estate, timber, timberland, trees
JACKSON — The Molpus Woodlands Group, LLC, on behalf of an unnamed client, has successfully purchased approximately 26,500 acres of timberland located in Georgia and Virginia. The timberland, located in Liberty and Long Counties in Georgia, and Greensville, Sussex and Southhampton Counties in Virginia, consists mainly of southern pine timberland. Molpus currently manages approximately 22,000 [...] [...]
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 [...] [...]
JACKSON — Mississippi has been named the top site for oil and gas investment in the world by Canadian researchers, according to the Governor’s Office. The Global Petroleum Survey 2011 by the Fraser Institute gave Mississippi high marks for several features, including business and regulatory environments. The ranking recognized the state’s success in developing new [...] [...]
You can toss out public relations as a reason Regions Financial, parent of Regions Bank, wants to get rid of wayward brokerage and investment banking subsidiary Morgan Keegan. It comes down to money – specifically the $3.5 billion the Birmingham-based Regions still owes the U.S. Treasury’s Troubled Asset Relief program, analysts say. J.P. Morgan analyst [...] [...]
MEMPHIS — Regions Financial Corp. says it will “explore strategic alternatives” for its brokerage and investment banking subsidiary, Morgan Keegan & Company, Inc., and its asset management subsidiary, Morgan Asset Management, after reaching a $200-million settlement with the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and five states, including Mississippi. With [...] [...]
by Associated Press Published: June 22,2011
Tags: banking and finance, Banks, financial institutions, homes, houses, investing, investments, mortgages, real estate, settlement
Five states, including Mississippi, and federal regulators have reached a $200-million settlement with Morgan Keegan & Co. over allegations that its brokerage firm engaged in reckless business practices that led to an estimated $1.5 billion in losses to investors. William Hicks of the U.S. Securities and Exchange Commission announced the deal today. State regulators from [...] [...]
WASHINGTON — The Security and Exchange Commission (SEC) has decided to compensate Stanford Group Company (SGC) victims, stating that people who invested money through SGC are entitled to protection by the Securities Investor Protection Corporation (SIPC). The SEC said it would formally ask SIPC to institute a claims process, according to Sen. Roger Wicker (R-Miss.) [...] [...]
GULFPORT and NEW ORLEANS — At separate but concurrent special meetings, Hancock Holding Company shareholders and Whitney Holding Corporation shareholders voted in favor of the proposed merger of the two companies. This approval by both companies’ shareholders marks another milestone necessary for Whitney to merge with and into Hancock. Hancock and Whitney expect to close [...] [...]
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