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Peter Brant
Former Equity Trader, Kidder, Peabody & Co.; Convicted of Perjury
Kidder Peabody equity trader convicted of perjury for lying about receiving inside information from Martin Siegel
Overview
Peter Brant was an equity trader at Kidder, Peabody & Co. who was convicted of perjury for lying to prosecutors about receiving inside information from Martin Siegel about pending mergers and acquisitions transactions. Siegel, the star M&A banker at Kidder Peabody, had been passing inside information not only to Ivan Boesky but apparently to traders within his own firm. Brant's conviction demonstrated that the insider trading culture at Kidder Peabody extended far deeper than any single individual, with illicit information flowing from the M&A department to traders on the equity desk.
Key Affiliations
Controversies & Concerns
Received inside information from Martin Siegel about pending M&A transactions at Kidder Peabody
Convicted of perjury for lying to prosecutors about receiving the inside information
Part of broader pattern of illicit information sharing at Kidder Peabody
Related Investigations (1)
Criminal Charges & Violations
1 documented violations
18 U.S.C. § 1621Perjury - lying to federal prosecutors about receiving insider information(Federal)
Known Associates & Connections
Martin Siegel
Source of inside M&A information at Kidder Peabody
Richard Wigton
Fellow Kidder Peabody employee caught in insider trading investigation
Sources & Documentation
1 documented sources from official records, investigations, and reports
Personal Information
- Born
- Unknown
- Birthplace
- Unknown
Education
Key Timeline
1984-1986
Receives inside information from Martin Siegel about pending M&A deals at Kidder Peabody
1990
Convicted of perjury for lying about receiving inside information from Siegel