The White Law Group Reviews the Regulatory History of Jefferies LLC
The White Law Group is investigating potential securities claims involving Jefferies LLC (CRD: 2347) , a global investment bank and broker-dealer headquartered in New York. Despite its reputation as a leading Wall Street firm, Jefferies has faced multiple regulatory sanctions and broker misconduct cases that raise concerns for investors.
FINRA Sanctions and Settlements
September 10, 2025 – FINRA fined Jefferies $1,000,000 for inaccurate reserve formula calculations that caused significant customer and broker-dealer reserve deficiencies. Regulators also found that the firm failed to maintain adequate supervisory systems to ensure compliance with reserve requirements.
December 27, 2024 – Jefferies reached a $250,000 global settlement with FINRA and multiple exchanges over Regulation M violations. Regulators found that the firm filed inaccurate restricted period notifications and lacked adequate supervisory procedures to prevent improper trading.
Broker Misconduct – Nicholas Stephen Coubrough
Former Jefferies broker Nicholas Coubrough (CRD#: 4678755) was barred from the securities industry by FINRA after refusing to cooperate with a regulatory investigation. Coubrough had previously been discharged from Jefferies in 2024.
Investor Risks
These regulatory actions highlight the risks investors face when brokerage firms fail to uphold their supervisory and compliance responsibilities. Issues such as reserve deficiencies and trading violations may place both retail and institutional clients at unnecessary financial risk.
Options for Investors
Investors who suffered losses due to recommendations from Jefferies or its representatives may be able to pursue claims for recovery. Claims are often brought through FINRA arbitration, a specialized forum designed to resolve disputes between investors and brokerage firms.
Free Consultation
If you have concerns about your investments with Jefferies LLC or one of its brokers, the securities attorneys at The White Law Group may be able to help. Our firm has handled hundreds of FINRA arbitration cases nationwide, recovering millions of dollars for wronged investors. For a free consultation, please contact The White Law Group at (888) 637-5510.
Frequently Asked Questions – Jefferies LLC
What sanctions has Jefferies faced recently?
In 2025, Jefferies was fined $1,000,000 by FINRA for reserve calculation deficiencies, and in 2024 the firm paid $250,000 in a global settlement over Regulation M violations.
Why was Nicholas Stephen Coubrough barred from the securities industry?
Coubrough was barred after refusing to cooperate with a FINRA investigation following his termination from Jefferies in 2024.
How can investors pursue claims against Jefferies?
Investors may be able to recover losses through FINRA arbitration if they suffered damages due to misconduct or unsuitable recommendations by Jefferies or its brokers.
