Ex-Morgan analyst guilty

Mon, 10 Nov 1997, 00:00 WIB | Source: REUTERS

NEW YORK (Reuters): A former J.P. Morgan and Co. Inc. [JPM.N]
analyst-trainee has pleaded guilty to trading on inside
information about four companies that were subjects of takeovers,
federal prosecutors said on Friday.

The trainee, Roy Handojo, 25, an Indonesian citizen who was
employed at J.P. Morgan's Financial Institution Group, faces a
possible maximum sentence of 10 years in prison and a $1 million
fine.

Federal prosecutors said Handojo pleaded guilty on Thursday in
federal court in Manhattan.

Handojo had been charged with making $350,000 from the trades.
The trades involved Barnett Banks, Signet Banking Corp., ACC
Consumer Financial Corp. and Great Financial Corp.

He is scheduled to be sentenced Feb. 9 before U.S. District
Judge Robert Patterson.

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