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Stock Market & Financial Investment News

News Breaks
November 21, 2012
06:30 EDTRFMorgan Keegan ordered to pay award to former NBA player, WSJ reports
Wall Street's Financial Industry Regulatory Authority ordered Morgan Keegan & Co. (RF) to pay former NBA basketball player Horace Grant the award issued by an arbitration panel by early next month or face suspension, reports the Wall Street Journal. Morgan Keegan, says its license isn't in jeopardy, and has paid Grant $1.59M for losses in its mortgage-backed bond funds but disputes the rate of interest that should apply on the award. Reference Link
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