"Investment bank agrees to pay $25m in penalties" New York Times March 13, 2014
NEW YORK — Jefferies Group, the investment bank and brokerage firm, agreed Wednesday to pay $25 million to settle accusations by the Securities and Exchange Commission that it failed to supervise traders who lied to investors about the price of mortgage-backed securities.
The settlement comes one week after a federal jury in New Haven found a senior Jefferies bond trader, Jesse C. Litvak, guilty of defrauding investors in mortgage-backed securities and generating more than $2.7 million for the firm....
Looks like bu$ine$$ as u$ual to me.
See: Ex-trader convicted of defrauding bailout program
You can't see that? Didn't get by me.
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You have Levenson to thank for it.
Related: SEC $ettles With CVS
