Jefferies Financial Group Inc., a leading investment banking and capital markets firm, is under scrutiny from the Securities and Exchange Commission (SEC) over potential violations of federal securities laws related to its trade finance arm, Point Bonita Capital. The probe involves Jefferies’ handling of exposure to First Brands Group, LLC, an auto parts supplier that filed for bankruptcy in September 2025.
In October 2025, Jefferies announced it had approximately $715 million in exposure to First Brands’ receivables, which represented roughly 25% of Point Bonita’s trade finance portfolio. Following this announcement, the price of Jefferies stock fell by $4.66 per share, or about 8%, from $59.10 per share on October 7, 2025.
Investors are reportedly seeking redemptions from Point Bonita as well. The SEC is investigating whether Jefferies provided sufficient information to investors regarding their exposure to the auto business and internal controls within the bank. Bleichmar Fonti & Auld LLP (BFA) is leading the investigation and representing affected investors.
If you invested in Jefferies or Point Bonita, you may have legal options and are encouraged to submit your information to BFA Law for further assistance. The law firm offers contingency fee representation with no upfront costs to investors.
Source: https://www.businesswire.com/news/home/20251127206251/en/JEF-BREAKING-NEWS-Jefferies-Financial-Group-Inc.-Faces-SEC-Probe-Over-Point-Bonita-Disclosures-Investors-Urged-to-Contact-BFA-Law-about-its-Investigation