Violation Tracker Individual Record

Company: 
Jefferies LLC
Current Parent Company: 
Jefferies Financial Group
Penalty: 
$25,000,000
Year: 
2014
Date: 
March 12, 2014
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
financial institution supervision failures
Violation Description: 

The Securities and Exchange Commission announced that Jefferies LLC settled allegations of with failing to supervise employees on its mortgage-backed securities desk who were lying to customers about pricing.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
diversified
Specific Industry of Parent: 
diversified
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.