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Money Matters: Insider Trading Scandal, Stock Market, Wholesale Prices #107419

ABC Evening News for Friday, Feb 13, 1987
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(Studio: Peter Jennings) Report introduced.

(NYC: Dan Cordtz) Former Kidder, Peabody executive Martin Siegel reported pleading guilty to insider trading violations and settling Securities and Exchange Commission suit regarding his dealings with Ivan Boesky; details given, scenes shown. [SEC spokesperson Gary LYNCH - note amount paid Siegel by Boesky.] Siegel said apparently informant for yesterday's arrest of Goldman, Sachs and Company executive Robert Freeman, Kidder, Peabody's Richard Wigton and former Kidder, Peabody executive Tim. Tabor; details of that case, involving T. Boone Pickens' 1985 takeover bid for Unocal, reviewed. [US attorney Rudolph GIULIANI - cites implications of scope of problem on Wall Street]

(Studio: Peter Jennings) Stk. Mkt. Report Wholesale producer prices for January, affected by OPEC (Organization of Petroleum Exporting Countries) price hike, reported

Reporter(s):
Cordtz, Dan;
Jennings, Peter
Duration:
00:02:20

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