SMUD sues Wall St. firms over alleged bid rigging
By: Jim Downing, The Sacramento Bee (Nov 2009)
"SMUD sues Wall St. firms over alleged bid rigging" quotes Craig McCann on the impact of alleged bid rigging by Wall Street firms in the municipal derivatives market.
Securities Litigation and Consulting Group, Inc. Releases Leveraged Municipal "Arbitrage" Study
By: Securities Litigation & Consulting Group (Sep 2009)
Securities Litigation and Consulting Group, Inc. ("SLCG") has issued an updated study on leveraged municipal bond hedge funds -- including Citigroup's MAT 3, MAT V and Falcon Strategies. The study reports that more than 35 similar hedge funds, including Stone & Youngberg Municipal Advantage Fund, 1861 Capital Management, Gem Capital, Rockwater Hedge Fund, LLC, and Blue River Asset Management Main Muni Fund were mis-marketed to investors as high yield, low risk alternatives to traditional municipal bond funds entitled "Leveraged Municipal Bond Arbitrage:
What Went Wrong?"
Morgan Keegan suits loom large over Regions Financial
By: Crystal Jarvis, Birmingham Business Journal (May 2009)
"Morgan Keegan suits loom large over Regions Financial" quotes Craig McCann of SLCG on the inferior tranches of structured finance deals that dominated the RMK bond funds' portfolios.
Designed to Deceive: Equity Indexed Annuities
By: Frederick G. Marks, Barrons (Apr 2009)
"Designed to Deceive: Equity Indexed Annuities" discusses SLCG research into equity-indexed annuities.
SLCG Announces Updated Regions Morgan Keegan Bond Fund Study
By: Securities Litigation & Consulting Group (Jan 2009)
SLCG issued a press release today announcing the distribution of its study of six Regions Morgan Keegan bond funds (RMH, RHY, RMA, RSF, MKHIX and MKIBX) entitled "Regions Morgan Keegan: The Abuse of Structured Finance - Third Draft".
