Jefferies Trading Helps Japan by Raising $5.25 Million

The Wall Street investment bank, Jefferies Group Inc. (JEF), informed their clients that they would be making a contribution from some of their trading revenues to all those who are affected in the natural disasters that hit Japan recently. A total of $5.25 million was raised.

According to a statement released by the New York-based company, Jefferies, they would be giving another million apart from the $3.65 million global net equity-trading revenue that they have already pledged, plus all of the money contributed by the employees that amounted to $600,000.

With the $1.25 million donation from the American Red Cross and the $1 million from the United Nations Children’s Fund, Jefferies will give all their donations to relief efforts. A total of $73 million was already given by at least 82 other financial institutions in the world. All of these are for the 8,400 people or more who lost their lives from the terrible 9.0 earthquake and the killer tsunami that destroyed some parts of Japan on March 11, on top of the hundreds and hundreds of people who have lost their properties and are now homeless and living in the relief areas being provided.

The Chief Executive Officer of Jefferies gave his heartfelt gratitude to all those who helped, especially to all their clients and their employee partners who gave their day’s salary without hesitation.
Jefferies also gave their all out support last January 2010, by donating $7.5 million, when a 7.0 magnitude earthquake struck Haiti that also caused a lot of people their lives and some their jobs, homes, and other properties.