Correction: BC-US--Morgan Keegan-Settlement

AP News
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Posted: Jun 28, 2011 7:03 PM
Correction: BC-US--Morgan Keegan-Settlement

In a June 22 story about Morgan Keegan & Co. agreeing to pay $200 million to settle civil fraud charges, The Associated Press erroneously reported that half the money will go to compensate investors. All the money will go to investors: $100 million from a fund to be distributed by the Securities and Exchange Commission and another $100 million from a fund administered by states.