In a new agreement with federal, state and independent regulators, Morgan Keegan & Co. will fork over about $200 million as part of its settlement of prior fraud charges related to its subprime MBS vehicles.  

The Memphis-based firms Morgan Keegan and Morgan Keegan Asset Management agreed to settle charges that it falsified valuations of the MBS opportunities in five funds managed between January 2006 to January 2007, an announcement listed today.

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