The Securities Law Firm of Menzer & Hill, P.A. is investigating Morgan Keegan and the proprietary open end RMK Funds (RMK Select intermediate Bond Fund and RMK Select High Income Fund) and closed end RMK funds (RMK High Income Fund, RMK Strategic Income Fund, RMK Advantage Income Fund and RMK Multi-Sector High Income Fund) that they solicited to their clients as fixed income funds that offered higher yields than their peer funds with lower risk. The RMK funds actually invested in low tranches of CDOs, CMOs and CMBs and other structured finance securities. The RMK Funds’ holdings were virtually wiped out by late 2007.