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Brokerage Company Agrees to Pay $630,000 to Retirement Plans
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL] 
Apr. 16, 2012
"Morgan Keegan and Co. Inc. has agreed to pay $633,715.46 to 10 pension plans covered by [ERISA]. This agreement follows an investigation by the U.S. Department of Labor's Employee Benefits Security Administration that [asserted] the full-service brokerage company violated federal law when it recommended certain hedge funds of funds as investments to its ERISA-covered employee benefit plan clients. These recommendations resulted in the hedge funds of funds paying Morgan Keegan revenue-sharing and other fees."
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