Jefferies Investigation Overview
BFA is investigating whether Jefferies and/or Point Bonita Capital violated the federal securities laws by making false and misleading statements to investors. Investors may be able to file a class action lawsuit to potentially recover losses.
If you lost money on your Jefferies or Point Bonita investment, you are encouraged to submit your information using the form on this page. You may also email ross@bfalaw.com or call 212.789.3619.
Why are Jefferies and Point Bonita being Investigated for Securities Fraud?
Jefferies Financial Group Inc. and its fund Point Bonita Capital are being investigated for securities fraud following a significant stock drop resulting from potential violations of the federal securities laws. The stock price decline caused significant losses to investors.
Jefferies is an investment banking and capital markets firm. Its trade finance arm is named Point Bonita Capital. Jefferies and Point Bonita were two of the closest banking and financing partners of First Brands Group, LLC, an auto parts supplier which collapsed into bankruptcy in September 2025.
On October 8, 2025, Jefferies announced that it and Point Bonita had approximately $715 million in exposure to First Brands’ receivables, which represents roughly 25% of Point Bonita’s trade finance portfolio. On this news, the price of Jefferies stock dropped $4.66 per share, or about 8%, from $59.10 per share on October 7, 2025, to $54.44 per share on October 8, 2025. Investors are reportedly currently seeking redemptions from Point Bonita as well.
On November 27, 2025, the Financial Times reported that the SEC is seeking information about whether Jefferies gave investors in its Point Bonita fund enough information about their exposure to First Brands. It also reported that the SEC is also investigating internal control lapses and potential conflicts within and between different parts of Jefferies.
BFA is currently investigating whether Jefferies and/or Point Bonita made materially false and misleading statements to investors in connection with their significant exposure to First Brands.
Jefferies (JEF) Stock Chart

NYSE online chart showing the Jefferies (JEF) stock drop following the October 2025 announcement.
How Do I Submit My Information?
If you lost money when Jefferies or Point Bonita securities dropped in price, you are encouraged to submit your information using the form on this page to speak with an attorney about your rights.
You can also contact:
Ross Shikowitz
ross@bfalaw.com
212.789.3619
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of any class action lawsuit. The firm will seek court approval for any potential fees and expenses.
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