Shares of Jefferies Group were tumbling 20% earlier today, bucking a broader market rally, and its shares were halted earlier.
It has come back a little bit recently, now down just 14%, after a source told Dow Jones Newswires that the firm has a net short exposure to European debt.
Jefferies, once a potential buyer of MF Global, has recently been tarred by the market with the same brush as the troubled brokerage firm.
