A Morgan Keegan sale, at last? Maybe, maybe not

The Morgan Keegan rumor mill began churning again as everyone returned to work Tuesday after the New Year’s holiday.

Raymond James now may be the finalist in an auction for the Memphis-based investment company that’s dragged on for more than six months.

At one point Tuesday, the Florida law firm of Ledbetter & Associates PL emailed clients: “We are being told that there is a strong possibility that the firm [Morgan Keegan] will be purchased by Raymond James.”

That comes at the same time Bloomberg reported a few days ago that talks have apparently ended between Morgan Keegan and Stifel Financial Corp.

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