Jefferies (JEF) CEO Richard Handler and Executive-Committee Chairman Brian Friedman played...

|By:, SA News Editor

Jefferies (JEF) CEO Richard Handler and Executive-Committee Chairman Brian Friedman played leading roles in saving Knight Capital (KCG) after its erroneous trades last week, including providing funds on Friday that allowed the latter to stay in business, the WSJ reports. Jefferies also helped with the structuring of Knight's $400M lifeline, of which the investment bank is providing a quarter.