The U.S. Securities and Exchange Commission is investigating Jefferies’ relationship with bankrupt auto parts maker First Brands Group. The regulator is examining if Jefferies provided investors enough information on its Point Bonita fund’s exposure to the failed auto business. Shares of Jefferies have dropped over 12% this quarter and 27% this year amid fears of bad loans. SEC did not confirm or deny the investigation, while Jefferies did not comment.

Read more at CNBC: SEC investigates Jefferies over First Brands collapse, report says