Frequently Asked Questions

1. Is my lawsuit being filed with a particular court?
No. The claims against Morgan Keegan are not being filed in state or federal court, but rather with the arbitration department of the Financial Industry Regulatory Authority, also known as FINRA. FINRA is a self regulatory organization which governs the securities industry in the United States. Morgan Keegan is a member of FINRA. The good news is that arbitration is a very time-efficient, cost-sensitive forum. Moreover, many of the expensive, laborious discovery tools used in court litigation, like depositions and interrogatories, are not a part of the securities arbitration process.

2. I do not live in Florida, New York, Nebraska or California. Can Klayman & Toskes still represent me?
Yes. Because your case will be filed in the arbitration forum rather than state or federal court, we can provide legal representation for clients from virtually all over the world.

3. Is my broker or financial advisor going to be sued?
No. We believe that the parties ultimately responsible for the losses in the Morgan Keegan Bond Funds are Morgan Keegan and its affiliates. In fact, our investigation has revealed that there were many Morgan Keegan financial advisors and brokers who were misled by the firm regarding the true nature of the risks to the Bond Funds.

4. How long does the entire securities arbitration process take?
From the time your claim is filed with FINRA, the final-hearing is scheduled about 9 to 12 months out. However, it is very likely that your case will settle before your case will have to actually go to the final-hearing. Of course, the sooner you file, the sooner we can attempt to recover your losses.

5. How does Klayman & Toskes get compensated?
Our law firm represents clients on a contingent basis. In other words, if we do not recover money for you, we don’t get paid.

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