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By DAMON LAWRENCE
A company that Roane County officials go to for financial advice has been accused of fraud by the Securities and Exchange Commission.
The complaint was filed against Morgan Keegan & Co. in U.S. District Court for the Northern District of Georgia on July 21, 2009.
According to the SEC, thousands of investors were hoodwinked by Morgan Keegan about the liquidity risks associated with auction rate securities.
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