Thousands of investors were misled into investing in what they were told “safe” bond funds promoted by Regions Financial’s Morgan Keegan brokerage. Rather than invest in safe secure instruments the funds managers invested in various risky Collateralized Mortgage Obligations (CMOs) and Collateralized Loan Obligations (CLOs) or structured finance instruments. The securities invested in were illiquid and thus the valuations were all based on estimates creating an illusion of value for the investor. As a result investors suffered massive losses and were misled in investing in such funds. If you sustained substantial losses by investing in these funds contact the Meissner firm which is nationally known for its record win statistics in arbitration, for a free consultation.