Jefferies Expects $80 Million Fine in Wall Street Texting Probe
Jefferies headquarters in New York.
Photographer: Amir Hamja/BloombergThis article is for subscribers only.
Jefferies Financial Group Inc. said it expects to pay $80 million related to a sweeping US investigation into the use of unapproved personal devices for business communications.
The combined penalty would be paid to the US Securities and Exchange Commission and the Commodity Futures Trading Commission, the investment bank said Monday in a filing.