SEC investigates Jefferies over First Brands collapse, report says

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The Jefferies Financial Group Inc. office successful New York, US, connected Monday, Oct. 20, 2025.

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The U.S. Securities and Exchange Commission is investigating Jefferies' narration into bankrupt car parts shaper First Brands Group, The Financial Times reported Thursday.

The newspaper, citing radical with cognition of the matter, said the regulator is looking into whether Jefferies gave investors capable accusation connected its Point Bonita fund's vulnerability to the failed car business.

The enquiry into interior controls and imaginable conflicts wrong the slope is astatine an aboriginal stage, the study said. It's not wide whether it volition effect successful immoderate allegations of wrongdoing.

Jefferies came nether unit past period aft its vulnerability to First Brands — which collapsed nether a bid of analyzable indebtedness agreements — raised fears of different atrocious loans connected Wall Street.

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Jefferies, ytd performance

Shares of Jefferies are down much than 12% this 4th and 27% this year.

When asked for comment, an SEC spokesperson said the bureau "does not remark connected the beingness oregon nonexistence of a imaginable investigation."

Jefferies did not respond to CNBC's petition for comment.

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