Ex-Jefferies trader Jesse Litvak’s former customers told a jury during his fraud trial in Connecticut that lies and misrepresentations are common and part of the give-and-take of bond trading.
Jefferies, a global securities and investment banking group, has served companies and their investors for nearly 50 years and operates in more than 25 cities around the world.
Customers of former Jefferies managing director Jesse Litvak told a jury during his fraud trial last week that they still got good deals on the bonds they bought through him even with his alleged misrepresentations.
Former Jefferies Managing Director Jesse Litvak defrauded investors of $2m using a U.S. bank bailout program to earn illegal profit for the firm, prosecutors said at the start of his trial.
A code of conduct - long term greedy.
Now that's a low blow!
Jefferies has announced financial results for its fiscal fourth quarter 2013.
When it comes to Wall Street grudge matches, this one is sure to rank right up there.
Jefferies Group have announced that the Board of Directors of Jefferies has elected Barry J. Alperin to the Board of Directors.
Let's get it into perspective.
Ex-Jefferies managing director Jesse Litvak lost a court bid to throw out charges that he defrauded customers of more than $2m on trades of residential mortgage-backed securities.
It's tough to come up with a list of true Wall Street legends, as so many have got their detractors - and not all of them have / had unblemished track records.
Jefferies said Tuesday that profit plunged 83% in the fiscal third quarter as trading revenue fell to the lowest since the depths of the financial crisis.
Fidelity Investments has agreed to pay $8m to settle US Securities and Exchange Commission charges that several of its brokers received $1.6m in gifts over a period of years from clients who were allegedly hoping to do more business with the firm.
After the tighest race ever....
Introducing Here Is The City's first 'Movers & Shakers' column.
Credit Suisse has named Tibor Kossa the head of mergers and acquisitions for Germany and Austria.
The early part of every year - after bonuses have been paid out - is usually when firms start to really beef up their payrolls (provided the outlook for the economy justifies it).
Just how prestigious is your firm these days, post the financial crisis ?
After another close race....
Well at least this firm's staff wake up to an exciting future - a merger without layoffs!