March 12, 2014
Posted January 26, 2016
The SEC charged global investment bank and brokerage firm Jefferies LLC with failing to supervise employees on its mortgage-backed securities desk who were lying to customers about pricing during the financial crisis. Jefferies agreed to pay $25M to settle the SEC’s charges as well as a parallel action by the US Attorney’s Office for the District of Connecticut. SEC
Tagged in: Misrepresentations, Regulatory Violations, Securities Fraud,