CHICAGO, April 7, 2010 (GLOBE NEWSWIRE) -- The Law Offices of Howard B. Prossnitz, P.C., (http://www.prossnitzlaw.com) announced that it recently recovered $57,582.48 in a FINRA arbitration for an investor in three Morgan Keegan income funds now known as the Helios High Income Fund (HIH), the Helios Advantage Income Fund (HAV), and the Helios Strategic Income Fund (HSA).
With yesterday's SEC announcement that it has charged Morgan Keegan and two employees with fraud in overstating the value of securities in five funds backed by subprime mortgages, the Prossnitz Law Firm is intending to file more cases concerning the Morgan Keegan funds which now have stock symbols HAV, HIH, HMH, HSA, HIFAX, and HSIBX. The new fund names include the Helios Multi-Sector Income Fund, the Helios Select High Income Fund, and the Helios Select Intermediate Income Fund. On April 7, 2010, the States of Alabama, Kentucky, Mississippi and South Carolina initiated Joint Administrative Proceedings involving six Morgan Keegan funds which now operate under new names.
If you lost $100,000 or more in one of the funds, please contact Howard Prossnitz at 312 960-1800 or howard@prossnitzlaw.com for a free consultation. All actions are done pursuant to contingent fee agreements.