Defendant Name: Jefferies LLC

Defendant Type: Subsidiary of Public Company

Document Reference: 2019-256

Document Details

Legal Case Name In the Matter of Jefferies LLC
Document Name Jefferies to Pay Nearly $4 Million for Improper Handling of ADRs
Document Date 09-Dec-2019
Document Format Administrative Proceeding
File Number 3-19614
Allegation Type Broker Dealer
Document Summary The Commission stated that: "broker-dealer Jefferies LLC will pay nearly $4 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs)."

Disgorgement & Penalty Information

Resolutions
None Specified
Monetary Penalties:

Disgorgement

Individual:     $2,200,000.00 Shared:    

Civil Penalty

Individual:     $1,250,000.00 Shared:    

Pre-Judgment Interest

Individual:     $468,000.00 Shared:    

Related Documents:

34-87680 09-Dec-2019 Administrative Proceeding
Order Instituting Administrative Proceedings, Pursuant to Section 15(b)(4) of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions
On December 9, 2019, the SEC instituted settled cease-and-desist proceedings against Jefferies Inc. The SEC stated: "These proceedings arise out of Jefferies' improper practices with respect to securities lending transactions involving pre-released American Depositary Receipts."