An arbitration panel has struck down an investor's $1 million-plus claim against Morgan Keegan's troubled bond funds, citing the standard industry warning "Past performance is not guarantee of future results."

The decision was handed down by a Financial Industry Regulatory Authority panel in late July. The arbitration dispute resolution documents, made public this week, unveil the details of what went into the decision that involved Morgan Keegan's RMK bond funds that have sparked a spate of litigation and one investor who had personal ties to his broker.  

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