The Securities Law Firm of Menzer & Hill, P.A., is investigating Morgan Keegan related to their involvement and sales practices of Mamtek Bonds to its customers. Morgan Keegan was hired by The City of Mobley to underwrite the Bonds. On April 4, 2013, the Office of Secretary of State for Missouri issued a Cease and Desist Order and to Show Cause why Restitution and Civil Penalties should not be imposed against Morgan Keegan. Morgan Keegan sold in excess of $40 million of the Mamtek Bonds. Mamtek ultimately filed for bankruptcy, leaving investors with significant losses, as the Mamtek Bonds are in default. The Missouri Securities Commission further alleges that Morgan Keegan misled investors in the sale of the Bonds.