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January 3, 2017
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Blog, Current Investigations, Securities Fraud
A securities-fraud case that triggered widespread changes to sales tactics on Wall Street is once again in the spotlight as a former Jefferies Group LLC bond trader goes back on trial Wednesday in New Haven, Conn, according to The Wall Street Journal on January 3. In 2014, a jury found the former trader, Jesse
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January 29, 2013
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Blog, Securities Fraud
The Securities and Exchange Commission recently charged a former executive at New York-based broker-dealer Jefferies & Co. with defrauding investors while selling mortgage-backed securities in the wake of the financial crisis so he could generate additional revenue for his firm. According to the SEC’s complaint
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April 15, 2011
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Blog, Securities Fraud
The Financial Industry Regulatory Authority (FINRA) recently announced that it has fined Jefferies & Company, Inc. $1.5 million for failing to disclose additional compensation received and conflicts in connection with the sale of auction rate securities (ARS). FINRA also ordered Jefferies to repay $425,000 in fees
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