SECURITIES

Kidder, Jett Targets of SEC Action: The Securities and Exchange Commission told Kidder, Peabody & Co. and Joseph Jett, its former chief government bond trader, that it expects to file civil charges against them, spokesmen for the company and Jett said. SEC staff members, in their investigation of the bond trading scandal at the now-defunct securities firm, want to charge Kidder with failing to properly supervise employees. Enforcement officials also informed Jett they want to press securities fraud charges against him. Kidder fired Jett last April and accused him of inflating his trading profits by $350 million to increase his own bonus. Jett has denied any wrongdoing.