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Boyd Jefferies
Convicted Securities Violator; Founder of Jefferies & Company
Founder and Chairman, Jefferies & Company
Overview
Boyd Jefferies was the founder and chairman of Jefferies & Company, a prominent securities firm specializing in block trading. He pleaded guilty in April 1988 to two felony counts of securities violations for helping Ivan Boesky illegally "park" stock, a practice of secretly holding shares for another party to conceal true ownership and evade SEC disclosure requirements. Jefferies also assisted in market manipulation. He cooperated with prosecutors and was barred from the securities industry. His case illustrated how the insider trading conspiracy required the complicity of brokers and intermediaries, not just the traders themselves.
Key Affiliations
Controversies & Concerns
Helped Ivan Boesky illegally park stock to conceal ownership and evade SEC disclosure requirements
Assisted in market manipulation schemes connected to the broader insider trading conspiracy
Cooperated with prosecutors after pleading guilty; barred from the securities industry
Related Investigations (1)
Criminal Charges & Violations
1 documented violations
15 U.S.C. 78j(b)Securities violations: Illegal stock parking and market manipulation for Ivan Boesky(Federal)
Known Associates & Connections
Ivan Boesky
Illegally parked stock and assisted market manipulation for Boesky
Sources & Documentation
1 documented sources from official records, investigations, and reports
Personal Information
- Born
- 1930
- Birthplace
- United States
Education
Key Timeline
1984-1986
Helps Ivan Boesky illegally park stock and conceal ownership positions
April 1988
Pleads guilty to two felony counts of securities violations
1988
Barred from the securities industry; cooperates with prosecutors
February 19, 2007
Dies at age 77