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Jefferies Expects $80 Million Fine in Wall Street Texting Probe

Jefferies headquarters in New York.

Jefferies headquarters in New York.

Photographer: Amir Hamja/Bloomberg

Jefferies Financial Group Inc. said it expects to pay $80 million related to a sweeping US investigation into the use of unapproved personal devices for business communications. 

The combined penalty would be paid to the US Securities and Exchange Commission and the Commodity Futures Trading Commission, the investment bank said Monday in a filing.