Morgan Keegan Bond Fund Securities Arbitration Claim Filed by Blum & Silver, LLP and Dimond Kaplan & Rothstein, P.A.

Miami, Florida, UNITED STATES

MIAMI, June 30, 2008 (PRIME NEWSWIRE) -- The securities law firms Blum & Silver, LLP ( and Dimond Kaplan & Rothstein, P.A. ( or announced today that they have filed a FINRA arbitration claim against Morgan Keegan & Co., Inc. on behalf of an investor who lost approximately $150,000 in Regions Morgan Keegan bond funds (the "RMK Funds"). Specifically, the investor purchased the RMK High Income Fund Inc. (symbol:XMRHX), RMK Advantage Income Fund (symbol:XRMAX), and RMK Strategic Income Fund (symbol:XRSFX)

Although marketed as safe and conservative investments, the RMK Funds invested heavily in mortgage-backed securities, many of which consisted of risky subprime mortgage loans. The speculative nature of the securities that the RMK Funds purchased caused the RMK Funds at issue to lose more than 65% of their value in 2007 alone.

Blum & Silver, LLP and Dimond Kaplan & Rothstein continue to investigate the RMK Funds and expect to file additional cases on behalf of other investors. The firms urge investors to consider pursuing arbitration claims as opposed to participating in a class action. Investors who participate in class actions often recover only pennies on the dollar, whereas those filing arbitration claims may recover substantially more than that. Further, unlike a class action, an arbitration claim allows you to: (1) choose your own lawyer; (2) present the unique facts of your case to an arbitration panel; (3) control the decision whether to settle your case and for how much; and (4) secure a result within approximately twelve months, as opposed to potentially years with a class action.

Blum & Silver, LLP and Dimond Kaplan & Rothstein, P.A. are nationally-recognized securities law firms with offices in Coral Springs, Florida and New York, New York and Miami, Florida and West Palm Beach, Florida, respectively. The firms represent investment fraud victims in securities arbitration and litigation worldwide to recover investment losses caused by brokerage firm and stockbroker misconduct. The firms have recovered millions of dollars from some of the largest Wall Street brokerage firms. If you suffered losses in Regions Morgan Keegan bond funds, for a free case evaluation, please contact Jeffrey B. Kaplan, Esq. of Dimond Kaplan & Rothstein, P.A. at (888) 578-6255 or or Scott L. Silver, Esq. of Blum & Silver, LLP at (877) 786-2552 or You also may visit the firms on the web at

The Dimond Kaplan & Rothstein, P.A. logo is available at


Contact Data