BUSINESS
03/19/2009 05:12 am ET Updated May 25, 2011

Madoff Bankruptcy Trustee Picard Subpoenas Brokerage Firm Jefferies

A unit of Jefferies Group Inc., the New York brokerage that specializes in mid-sized companies, received a subpoena from Irving Picard, the trustee seeking to liquidate Bernard L. Madoff Investment Securities LLC and pay investors in the alleged Ponzi scheme.

The subpoena was served in New York on Jefferies & Co., according to a Feb. 13 U.S. Bankruptcy Court filing that didn't disclose what information Picard is seeking. It's the first shown in court records as being issued in the case. Other investigations are being conducted by the Federal Bureau of Investigation and the U.S. Securities and Exchange Commission.

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