Jefferies

Jefferies Dismisses Miami Wealth Advisers Amid Cash Transfer Controversy

3 days ago

In a significant shakeup within its wealth management division, Jefferies Group LLC has taken the drastic step of terminating a team of advisers based in Miami due to allegations of improper cash transfers. This move has sent ripples through the financial advisory community, raising questions about compliance and the stringent measures that firms must implement in the wake of growing regulatory scrutiny.

Corus Entertainment Engages Jefferies to Consider Sale Options

2 months ago

Corus Entertainment Inc., the Canadian media giant, has announced that it has enlisted the investment firm Jefferies to assist in exploring strategic alternatives, including a potential sale of the company. This move comes amid a challenging landscape for the media and entertainment industry, as firms seek innovative avenues to bolster value amidst shifting consumer behaviors.

Jefferies Takes Legal Action Against Former Fund Manager Over Allegations of Fraud

2 months ago

Jefferies Financial Group Inc. has initiated legal proceedings to recover significant compensation awarded to a former fund manager amid serious allegations of fraud. The case involves David Sweeney, who previously managed assets for the global investment banking firm. The firm is seeking to reclaim approximately $20 million in bonuses and salary following accusations that Sweeney engaged in deceptive practices that have cast a shadow over the company’s reputation.