SEC Investigates Jefferies Over First Brands Group

The U.S. Securities and Exchange Commission is investigating Jefferies connection to the bankrupt First Brands Group, focusing on the Point Bonita funds exposure to the failed auto business. The inquiry is in its early stages, examining internal controls and potential conflicts of interest. Jefferies stock has plummeted due to the situation, reflecting market concerns about other troubled loans.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.