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Morgan Keegan Settlement Checks on the Way

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The Kentucky Department of Financial Institutions says checks from the recent Morgan Keegan settlement will be mailed today to investors who filed an approved claim. The fund administrator, A.B. Data, will issue 1,930 checks totaling just over $4.5 million to Commonwealth investors. The settlement resulted from an investigation of seven bond funds sold by Morgan Keegan to more than 30,000 investors. The department says the funds lost approximately 1 and a half billion dollars from January 1st, 2007, to March 31st, 2008. The Securities and Exchange Commission required Morgan Keegan and Morgan Asset Management to pay a total of $200 million  to establish an SEC Fair Fund and a States' Fund, both to be paid to investors in the five states involved in the settlement.

Shelly Baskin works in MSU's Office of Regional Outreach and is a graduate student in Occupational Safety and Health. A roustabout from Memphis, Tennessee, Shelly first found his way into WKMS through the newsroom back in 2011 through luck, charm and force of will. Though he left news for another position, he still enjoys working on independent radio projects and volunteering for the station. He’s an avid disc golfer and occasional real golfer and is terrible at both. A lover of all things musical, Shelly is always ready to hear something new and unique.
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