THREE TRADERS INDICTED FOR INSIDER TRADING
A Grand Jury in Manhattan Federal Court
indicted three arbitrageurs, charging they swapped inside
information between their firms, Goldman Sachs and Co and
Kidder Peabody and Co, court documents showed.
    Robert Freeman, head of risk arbitrage at Goldman
Sachs and Co, Richard Wigton, an employee of Kidder Peabody Co
Inc, and Timothy Tabor, also formerly with Kidder, were charged
with trading on inside information between June 1984 and
January 1986. They were arrested in February.
    The indictments also alledged that Goldman Sachs and
Freeman made money on the insider trading scheme.
    According to the indictment, Freeman exchanged inside
information with Martin Siegel, who at the time was a vice
president of Kidder Peabody.
    Siegel pleaded guilty last February 13 to charges he
participated in the conspiracy. The indictment charged Siegel
passed on non-public information to both Wigton and Tabor from
Freeman.
 Reuter
