Missouri Seeks Payback In Mamtek Bond Fraud Case

Photo Courtesy of St.Louis Post-Dispatch

Missouri’s top securities regulator is seeking more than $6 million from one of the nation’s biggest bond underwriters for its role in a bond deal gone bust. Secretary of State Jason Kander filed a cease-and-desist order and restitution case against Morgan Keegan, a Memphis-based firm that sold $39 million in bonds for Mamtek, a sweetener plant in Moberly, Mo. He says the firm defrauded investors by failing to properly investigate Mamtek before it sold the bonds.

Read more in the St. Louis Post-Dispatch

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