New York personal injury firm news on NewYorkInjuryNews.com – New York City, New York (NewYorkInjuryNews.com) — High profile investment firm, Morgan Keegan & Company Inc., has had a recent complaint filed against them with the Financial Industry Regulatory Authority. The complaint alleges that the firm’s representatives deceptively marketed certain funds to investors that were not in actuality the kinds of funds investors believed they were purchasing.
The New York based personal injury firm, Napoli Bern Ripka, LLP, represents the investor who filed the claim.
Morgan Keegan & Company is an investment and wealth management firm that was founded in 1969. The company has more than 400 offices, and numerous clients throughout the United States and abroad. They currently hold more than $140 billion in assets.
Arbitration action was also taken in February of this year against the investment giant by a separate Florida based law firm. That suit alleged that the company’s investors suffered losses as a result of Morgan Keegan’s strategies for high risk investing. Deceptive marketing was also alleged in this case.
Speculation ensues regarding whether the recent arbitration claims and series of class action lawsuits against the company and their affiliates will hurt their reputation on a widespread scale.
Investors who have sustained losses as a result of deceptive practices and other wrongdoings may have a valid business litigation claim against responsible parties. Business tort law is an area law designed for those who’ve sustained damages as a result of negligent or wrongful business practices. New York and other states have a number of reputable attorneys that individuals may contact to discuss the legal merits of their case.