SECURITIES

Jett Reportedly Seeks Testimony-for-Immunity Trade: Joseph Jett, the former Kidder, Peabody & Co. bond trader accused of fabricating $350 million in profit, wants to testify against his ex-employers in return for immunity from criminal prosecution, a source who spoke on condition of anonymity said this week. Jett hopes to avoid charges by the U.S. attorney’s office in Manhattan. A spokesman for Jett declined to comment. A U.S. attorney’s office spokesman did not return a telephone call. But John Liftin, Kidder’s general counsel, said, “There is nothing, absolutely nothing, that Jett would be able to offer that would incriminate Kidder or any of its other employees.”