NEW YORK — Former Wall Street Journal reporter R. Foster Winans attempted Thursday to explain some statements he made last year to the Securities and Exchange Commission in which he appeared to have admitted being persuaded by a Wall Street broker to write a column.
In his testimony in U.S. District Court here, Winans denied that he had ever been induced by anyone to write one of his Heard on the Street columns. And he said he never slanted an article to move the stock of a company.
Winans was on the stand for the fourth day in his trial on charges of securities, mail and wire fraud and conspiracy in connection with a scheme in which he leaked advance information from his column to Kidder, Peabody & Co. broker Peter N. Brant. Brant has pleaded guilty to conspiracy and fraud charges and is cooperating with the government.
Winans' roommate, David Carpenter, and Kenneth P. Felis, another Kidder, Peabody broker, are also on trial here.
During Thursday's testimony, Winans' attorney, Don Buchwald, played a tape of a portion of the reporter's testimony before SEC investigators last March 29. A transcript of the portion, concerning a favorable column about Digital Switch Corp. that the Journal published Jan. 19, 1984, had already been entered as a government exhibit.