Jefferies Group - New Data Point Reaffirms Risk of Undisclosed SEC Probe (Video 2012-01)

A new data point we received from the SEC reaffirms risk of an undisclosed SEC probe for Jefferies Group (JEF).  This has not gone away despite a cleverly worded press release put out by Jefferies the last time we raised this issue in November that temporarily succeeded in taking the pressure off the company to explain itself to investors. The video walks you through how they did it.

The following is from an update we originally published for subscribers on 12-Jan-2012 --

Jefferies Group Inc. (JEF- $14.62 Mkt. Cap.- $2.9 B) New SEC Data Point Re-affirms Risk of Involvement in an Undisclosed SEC Investigation. In a letter dated 28-Sep-11, the SEC confirmed that this company was somehow involved in an active and ongoing investigation that appeared undisclosed at the time. In a letter dated 11-Jan-12, we received new information from the SEC suggesting, again, this company was involved in unspecified SEC investigative activity. We continue to find no disclosure of the same as of this date.