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FINRA Broker Allegations

Allegations against: James Edward Lyons

Allegation type: Customer Dispute

Allegation status: Closed-No Action

The allegations read: Written complaint received by morgan keegan on 10/08/10, alleges "selling away" with regard to a transaction which took place in 2003. Client claims product as represented was fraudulently handled in accordance with company regulations. Additional correspondence from client, received 10/13/10, states his previous allegations of fraud were inaccurate. Client states the irregularities of morgan keegan's actions subsequent to the execution of stock purchases of idib caused a financial hardship and will provide documentation for clarification.

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