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K.C Chiefs Retiree gets $ back
Old 04-17-2009, 04:50 PM   #1
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K.C Chiefs Retiree gets $ back

Football/Mutual Fund newsbreak:

FINRA ruled in favor of an NFL retiree, Jerome Woods of the Kansas City Chiefs, who lost $1.7 million in Morgan Keegan mutual funds, but awarded him only $950,000. Woods is among dozens of investors who have filed lawsuits against the firm after losing 90% of their investments.

In Woods’ case, FINRA said Morgan Keegan breached his trust and was negligent by investing his money in risky junk bonds.
NFL Retiree Gets $950K for Losses in Morgan Keegan Funds

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Old 04-17-2009, 05:45 PM   #2
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