Skip to content
Subscriber Only

Former Stockbroker Pleads Guilty in IBM-SPSS Tipping Case

A former New York stockbroker admitted to sharing inside tips about International Business Machines Corp.’s $1.2 billion acquisition of SPSS Inc. that he picked up from his roommate.

Thomas Conradt, 35, pleaded guilty to conspiracy to commit securities fraud and two counts of securities fraud today in Manhattan federal court. Conradt was accused of learning about the deal from his roommate, Trent Martin, a former financial analyst who was extradited from Hong Kong last month.