Morgan Keegan & Co. was ordered to buy back auction-rate securities (ARS) and pay $110,500 in a case in which it was accused by the Securities and Exchange Commission (SEC) of misleading customers about the risks of the investments we learn in an article from Bloomberg. The U.S. District Judge William Duffey Jr. in Atlanta […]

The following information is from FINRA’s website under “Disciplinary Actions, March, 2012:"   Allan Anthony Scheer (CRD #2775825, Registered Principal, Melbourne, Florida)   submitted an Offer of Settlement in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for four months. The fine is to be paid upon […]