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Tag Archives: investors

State's action against Morgan Keegan workers settled

JACKSON — An administrative action against Morgan Keegan & Company employees and Morgan Asset Management employees, Brian B. Sullivan, Gary Stringer, and Michele Wood has been resolved with the State of Mississippi, according to the Secretary of State’s Office. No Mississippi Morgan Keegan brokers were involved in this action. The order resolving the case is available on the Secretary of ...

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Lightfoot, GE investing in liquefied natural gas market

PASCAGOULA — Lightfoot Capital Partners, LP, has teamed up with GE Energy Financial Services to make a strategic investment in the liquefied natural gas market. Lightfoot Capital will make a direct investment and own a 48 percent interest in Arc LNG Holdings, LLC, which will own a 20 percent interest in Gulf LNG Energy’s terminal in Pascagoula. GE Energy Financial ...

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A.B. Data to distribute $200M to Morgan Keegan investors

JACKSON — The U.S. Securities & Exchange Commission and regulators from Tennessee, Alabama, Kentucky, Mississippi and South Carolina have appointed A.B. Data, Ltd. of Milwaukee, Wis., to distribute $200 million to investors from the regulators’ settlements with Morgan Keegan & Company and Morgan Asset Management. The settlements resulted from an investigation of seven proprietary bond funds sold by Morgan Keegan ...

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Ex-NFL player pleads guilty to business scam

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 fraud and tax evasion. Last ...

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Downtown property of former Stanford exec sold

BALDWYN — Earl Stone was the lone bidder for seven downtown Baldwyn properties once belonging to James Davis, the former CFO for the defunct Stanford Financial Group. The Northeast Mississippi Daily Journal reports Stone paid $155,000 for the properties. Stone says he hopes the properties will be used to help reinvigorate the area. Davis is among several former company officials ...

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Judge affirms SEC ruling in biofuel scheme

NATCHEZ — A federal judge agrees with regulators’ charges against a man who claimed he had developed a revolutionary process to more than double fuel production from soybeans — and to do so without waste or pollution. District Judge David Bramlette’s summary judgment against John Rivera affirmed charges brought by the U.S. Securities and Exchange Commission, based on federal filings ...

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SEC: Investors should be compensated from fund

HOUSTON — The U.S. Securities and Exchange Commission has said that many investors who lost money in the alleged Ponzi scheme run by jailed Texas financier R. Allen Stanford should be compensated by a special reserve fund mandated by Congress that protects customers of failed brokerage firms. Mississippians had a total of about $391 million invested with three Stanford offices ...

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Company files lawsuit to block Hancock-Whitney merger

GULFPORT — A company that holds stock in Whitney Holding Corp. is suing to block the bank’s acquisition by Hancock Holding Co. A class-action lawsuit filed Monday by Realistic Partners accuses Whitney’s directors of acting in their own interests at the expense of shareholders and of preventing investors from making an informed decision about the proposed $1.5-billion deal. The boards ...

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