Feds Continue Jefferies RMBS Probe After $25M Deal

Law360, Los Angeles (March 12, 2014, 4:10 PM EDT) -- Federal authorities said Wednesday they are continuing to investigate Jefferies Group LLC traders after the investment bank agreed to pay $25 million to settle civil and criminal probes into its mortgage-backed securities businesses related to the fraud indictment of a former trader.

Jefferies had previously disclosed the deals with the U.S. Securities and Exchange Commission and the U.S. Attorney's Office for the District of Connecticut, saying in a January 10-K filing that it had reached them in principle, but it wasn't until Wednesday that the agencies...
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