Welcome to Jefferies' Municipal Securities Group.

On March 27, 2009, Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), acquired Depfa First Albany Securities LLC, a leading New York City-based municipal securities firm, from Depfa Bank plc, a member of Hypo Real Estate Group. The Jefferies Municipal Securities Group provides integrated investment banking, advisory, and sales & trading services. Please visit http://www.jefferies.com/muni for more information.