The US Securities and Exchange Commission (SEC) is investigating Jefferies Financial Group over its connection to bankrupt auto-parts supplier First Brands Group. The probe focuses on whether the bank provided sufficient information about its investment in the Point Bonita fund, which has ties to First Brands. The SEC is also examining internal controls and potential conflicts within Jefferies.
Source: https://www.bloomberg.com/news/articles/2025-11-27/sec-probing-jefferies-about-first-brands-disclosures-ft-says