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FOR IMMEDIATE RELEASE Jefferies Adopts Investment Protection Principles; Announces Compliance with Guidelines for Best Practices in Equity Research NEW YORK, Aug 29, 2002 (BUSINESS WIRE) -- Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), today announced the adoption of the "Investment Protection Principles" endorsed by the State Treasurers of California and North Carolina and the State Comptroller of New York. The formal adoption of these principles is part of the firm's ongoing implementation of industry initiatives to further enhance and strengthen the clarity and independence of its equity research. The Investment Protection Principles establish high standards for objectivity and integrity based on a rigorous analytical framework intended to eliminate conflicts of interest. Jefferies will continue to embrace industry initiatives to assist investors in their understanding of the activities and financial health of corporations. About Jefferies Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), is a full-service investment bank and institutional securities firm focused on the middle market. Jefferies offers financial advisory, capital raising, mergers and acquisitions, and restructuring services to small and mid-cap companies. The firm provides outstanding trade execution in equity, high yield, convertible and international securities, as well as fundamental research and asset management capabilities, to institutional investors. Additional services include correspondent clearing, prime brokerage and securities lending. The firm's leadership in equity trading is recognized by numerous consulting and survey organizations, and Jefferies' affiliate, Helfant Group, Inc., executes approximately 10% of the daily reported volume on the NYSE. Through its subsidiaries, Jefferies Group, Inc. employs more than 1,300 people in 20 offices worldwide, including Atlanta, Boston, Chicago, Dallas, Hong Kong, London, Los Angeles, New York, Paris, San Francisco, Tokyo and Zurich. Further information about Jefferies, including a description of investment banking, trading, research and asset management services, can be found at www.jefco.com. CONTACT: |
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