BRADENTON, Fla. — St. Petersburg-based Raymond James Financial announced Tuesday that it has cleared a significant procedural hurdle in its acquisition of Morgan Keegan & Co.

The firm said it has been granted early termination of a federal pre-merger review under the U.S. Department of Justice’s Hart-Scott-Rodino Antitrust Improvements Act, satisfying one of the conditions for the purchase of Memphis-based Morgan Keegan from Regions Financial Corp.

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