A Manhattan federal grand jury yesterday indicted Patricia Ostrander, a former portfolio manager for Fidelity Investments, on three counts of securities laws violations.

The three-count indictment charged Ms. Ostrander with taking unlawful compensation from now-defunct Drexel Burnham Lambert Inc. related to her purchases of securities for Fidelity customers, according to a release from the office of the United States Attorney for the Southern District of New York.

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