A report by Reuters news service says Regions Financial Corp. CEO Dowd Ritter is open to "any and all" possibilities to raise capital in order to repay the U.S. goverment for the bailout money it loaned the institution. Regions, based in Birmingham, Ala., received $3.5 million in Troubled Asset Relief Program (TARP) funds. However, despite this pledge, it is unclear whether Region's troubled brokerage arm, Morgan Keegan, is on the table. 
Morgan Keegan & Co Inc. has lost another arbitration case stemming from a blow up of its bond funds to a former professional athlete, this time liable to a former NBA all-star for $1.45 million in damages.
A recent report in the Memphis Business Journal predicts Regions Financial Corp. will hold onto its Morgan Keegan investment arm, despite a number of lawsuits filed in the past year as a result of alleged investment fraud, and more pending. Lawsuits content that risky funds brokered by Regions Morgan Keegan tied to the subprime lending market were represented to investors as low-risk. As a result, the suits allege, individuals and organizations invested in the funds suffered significant financial losses, almost overnight, when the mortgage market collapsed.
Beasley Allen is processing securities arbitration claims on behalf of numerous individuals who invested in Morgan Keegan Funds, against Morgan Keegan and Regions Financial Corp. We encourage investors who suffered substantial losses in the MK Funds to consider whether they too should attempt to recover their losses through the filing of an individual securities arbitration claim.
