TYLER, Texas, Sept. 13, 2012 (GLOBE NEWSWIRE) -- The attorneys at the Securities Law Firm of Shepherd Smith Edwards & Kantas LLP, www.sseklaw.com, are investigating claims involving Michael Douglas Venable and Morgan Keegan & Company, Inc. Michael Venable, who was working as a financial advisor for Morgan Keegan in its Tyler, Texas, office was permanently barred from working in the securities industry as a result of a variety of alleged misconduct. According to the complaint by the Financial Industry Regulatory Authority ("FINRA"), among other things, Mr. Venable recommended customers purchase speculative exchange traded funds despite the customers' low tolerance for risk, as well as made numerous trades in customer accounts without proper authorization.
FINRA has similarly disciplined one of the Morgan Keegan supervisors of the Tyler office for failure to properly supervise Venable. If you are an investor with Morgan Keegan in its Tyler, Texas office and have lost money with Mr. Venable or another Morgan Keegan financial advisor, contact the law offices of Shepherd Smith Edwards & Kantas LLP for information about a potential claim to attempt to recover some or all of your losses.
Shepherd Smith Edwards & Kantas LLP has a team of attorneys, consultants and staff with more than 100 years of combined experience in the securities and legal industry. Since 1990, we have represented thousands of investors nationwide to recover losses. We have represented clients in Federal and state courts and in arbitration through FINRA, the New York Stock Exchange Inc. (NYSE), the American Arbitration Association (AAA) and in private arbitration actions. Collectively, we have represented over 1,000 investors over the last 18 years in negotiation, mediation, arbitration and litigation.