08:41 AM EST, 11/28/2025 (MT Newswires) -- (Updating with the SEC's response in the fourth paragraph.)

Jefferies Financial ( JEF ) relationship with failed car parts maker First Brands is under investigation by the US Securities and Exchange Commission, the Financial Times reported Thursday, citing people with knowledge of the matter.

The probe focuses on whether Jefferies gave its Point Bonita fund investors adequate information about the risks of exposure to the firm, which filed for bankruptcy in September saddled with $12 billion in debt, the FT reported, citing two sources.

The investigation will also examine Jefferies internal mechanisms and potential conflicts of interest within and between different functions, the report said.

The SEC said in an emailed response to MT Newswires' inquiry that it "does not comment on the existence or nonexistence of a possible investigation." Jefferies did not reply to a request for comment.

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