Archive · 27 Nov 2025
SEC Probes Jefferies Over First Brands Group Links
The SEC is looking into Jefferies, an investment bank, because of its dealings with a company called First Brands Group that went bankrupt.
The SEC wants to know if Jefferies told its investors enough about the risks involved with First Brands.
Jefferies has some money tied up with First Brands, but they say it's not a lot.
Another company, UBS, is also affected and is closing some of its funds because of losses from First Brands.
Jefferies and the SEC aren't saying much about the investigation right now.
The SEC is investigating Jefferies' relationship with bankrupt auto parts supplier First Brands Group.
The investigation focuses on whether Jefferies adequately informed investors about their exposure to First Brands.
Jefferies' Leucadia Asset Management fund held about $715 million in receivables linked to First Brands.
Jefferies stated that any potential losses would be 'readily absorbable'.
UBS is winding down investment funds due to losses from exposure to First Brands.
- Who
- U.S. Securities and Exchange Commission (SEC), Jefferies, First Brands Group, UBS
- What
- SEC is investigating Jefferies' relationship with bankrupt auto parts supplier First Brands Group
- When
- First Brands filed for Chapter 11 bankruptcy in September; SEC investigation reported in November
- Where
- United States
- Why
- To determine if Jefferies provided sufficient information to investors about their exposure to First Brands
- Institution Under Investigation
- Jefferies
- Company Involved
- First Brands Group
- Investigation Body
- U.S. Securities and Exchange Commission (SEC)
- First Brands' Bankruptcy Status
- Chapter 11
- Jefferies' Response
- Declined to comment
- SEC's Stance on Investigation
- Does not comment on existence or nonexistence of investigations
- UBS' Action
- Winding down investment funds due to First Brands exposure