Kidder, Peabody Fires Ace Trader in ScandalKidder, Peabody & Co.'s dismissal of its head government bond trader after uncovering a "phantom" trading scheme sent ripples through Wall Street Monday.
As the managing director and head of the government trading desk at Kidder, Peabody & Co., Jett's bead on success was so accurate that he earned a 1993 year-end bonus of $9 million. By April 27, Jett's world had come crashing down around him. According to an arbitration complaint ...
CHAIRMAN OF SCANDAL-PLAGUED KIDDER PEABODY GROUP RESIGNSAssociated Press
Kidder, Peabody & Co. recently agreed to give up $13.7 million in profits it collected through insider trading schemes and pay $11.6 million as a penalty. In return, US Attorney Rudolph W. Giuliani promised not to prosecute the company on crimi...
Reports on Kidder, Peabody & Co.'s holding of an educational program for salesmen and women focused on such diverse topics as risk management and international investing. Fallout from limited partnership scandal at Prudential Securities Inc.; Broker training as prior...
Firm Makes More Changes In Wake of Bond Scandal; Kidder, Peabody Supervisor Resigns PostJay Mathews