Jefferies Has Less Than $9 Million at Risk From MF Global Debt

Jefferies Group Inc. (JEF) said its exposure to debt securities from MF Global Holdings Ltd. (MF), which filed today for bankruptcy, amounts to less than $9 million in mark-to-market positions.

The position “resulted from facilitating client orders as part of normal-course market making,” New York-based Jefferies said in a statement distributed by Business Wire.

To contact the reporter on this story: Laura Marcinek in New York at lmarcinek3@bloomberg.net

To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net

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