FTSE 100 today: Edges higher as pound slips; Mitchells & Butlers jumps on results
Investing.com -- The U.S. Securities and Exchange Commission is investigating Jefferies regarding its relationship with First Brands Group, an auto business.
The regulatory probe is examining whether Jefferies provided investors in its Point Bonita fund with sufficient information about their exposure to First Brands Group, according to the Financial Times, which cited people familiar with the matter.
The SEC is also looking into internal controls and potential conflicts within different divisions of the bank, as well as between those divisions.
The investigation is still in its early stages, and it remains unclear if the inquiry will lead to any allegations of wrongdoing against Jefferies.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.