Press Coverage

By: Walter Hamilton, The Los Angeles Times (Apr 2010)

"Schwab case shows pain of a bond market's collapse on small investors" quotes Craig McCann on the holdings in Schwab's YieldPlus mutual fund portfolio.

By: Jane J. Kim, The Wall Street Journal (Apr 2010)

The Wall Street Journal's "About Those Alleged Short-Term Funds... Some Go Long on Bonds, Risk-Study" reports on newly issued SLCG study that shows that losses in 2008 in mutual funds marketed as short term bond funds occurred because the funds in fact held mostly very long term bond portfolios.

By: Dan Jamieson, Investment News (Apr 2010)

"FINRA, SEC and state regulators swarm Morgan Keegan with fraud charges" quotes Craig McCann on damning internal documents released by regulators as they announce their actions against Morgan Keegan.

By: Matthew Goldstein, Reuters (Mar 2010)

"Complex notes with principal guarantees spring back" quotes Craig McCann on the resurgence of principal protected notes less than two years after the collapse of Lehman Brothers caused billions of dollars of losses in securities that were supposed to be safe.

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.

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?"

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.

By: Frederick G. Marks, Barrons (Apr 2009)

"Designed to Deceive: Equity Indexed Annuities" discusses SLCG research into equity-indexed annuities.

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".

By: Ron Lieber, The New York Times (Oct 2008)

Ron Lieber's "Weighing an Investment That Promises No Risk" discusses the sales pitch used to sell high cost equity indexed annuities to older investors despite the poor performance of EIAs relative to liquid investments in stock and bond mutual funds. The article reports Craig McCann's research into and valuation of EIAs.