SECURITIES

Grandson of Dean Witter Founder Indicted: David Witter, grandson of the founder of Dean Witter Reynolds Inc., has been indicted on money-laundering charges stemming from a sting operation, the U.S. attorney’s office announced. Witter and five other men were named in two grand jury indictments as a result of an operation involving agents of the Internal Revenue Service and the Palm Beach County, Fla., sheriff’s office. Witter, 43, who controls the investment banking firm of Huntington, Witter & Co. in Palm Beach Gardens, was arrested March 2 and is free on a $1.3-million bond.