Market Overview

Jefferies Releases Final Information Regarding Peregrine Financial Group

Related JEF
Halliburton and Other Stocks Added to Jefferies Global Conviction List
This Leading Stock Sector Holds All The Cards
Jefferies Loses Clients In Wake of Messy Scandal (Fox Business)

In an announcement today, Jefferies confirmed that it has completed the liquidation of Peregrine Financial Group ("PFG") positions, with the exception of a small Canadian account in the process of being transferred at the request of Canadian regulators. Liquidation was completed in an orderly manner at aggregate levels similar to the prices from Monday's close of business. Until disbursement is directed by regulators, PFG-related cash of approximately $125 million will remain in fully segregated accounts. Jefferies incurred no loss as a result of this liquidation and has no other involvement in PFG accounts or assets.

Posted-In: News Events


Related Articles (JEF)

Around the Web, We're Loving...

Get Benzinga's Newsletters