D&G Law

D&G and Ala Securities Commission Obtain $200 Million for Investors

As one of the lead states for a 13-state task force, working cooperatively with the SEC and FINRA, the Alabama Securities Commission has obtained $200 million in investor restitution, plus penalties of $10.5 million, for investor losses arising out of sales by Regions Morgan Keegan (RMK) of mutual funds with over-concentrations in subprime mortgage-backed securities. D&G is honored to have been retained as outside counsel in this matter by the Alabama Securities Commission. David Guin was appointed as a Deputy Attorney General of the State of Alabama for this matter by the Governor and Attorney General.