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Jefferies Group Inc. clears transactions for Peregrine. It said Tuesday that when the firm was unable to meet a margin call, Jefferies began to liquidate its positions. Jefferies, based in New York, says it's already liquidated a substantial portion of those positions and expects to liquidate the remainder soon. All the proceeds of the liquidation will be maintained in segregated accounts. Shares of investment bank Jefferies fell 13 cents to $12.50 in midday trading.
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