Defendant Name:
Jefferies LLC
Defendant Type:
Subsidiary of Public Company
Document Reference:
2022-161_3-21070
Document Details
Legal Case Name
In the Matter of Jefferies LLC
Document Name
SEC Charges Four Underwriters in First Actions Enforcing Municipal Bond Disclosure Law
Document Date
13-Sep-2022
Document Format
Administrative Proceeding
Allegation Type
Municipal Securities & Public Pensions
Document Summary
The SEC stated that: "[It] filed a litigated action
against Oppenheimer & Co. Inc. and separately announced settlements with BNY Mellon Capital Markets LLC, TD
Securities (USA) LLC, and Jefferies LLC, charging each of the four firms with failing to comply with municipal bond
offering disclosure requirements. These are the first SEC actions addressing underwriters who fail to meet the
legal requirements that would exempt them from obtaining disclosures for investors in certain offerings of
municipal bonds."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Monetary Penalties:
Disgorgement
Individual:
$43,215.22
Shared:
Civil Penalty
Individual:
$100,000.00
Shared:
Pre-Judgment Interest
(Penalty was noted in document, but no amount was listed)