NEW YORK (AP) _ A former Wall Street takeover specialist faces up to 20 years in prison and $850,000 in fines after pleading guilty to four federal felony counts in an insider trading case.

Robert M. Wilkis, 37, on Monday pleaded guilty to one count each of securities fraud, mail fraud, tax evasion and violating currency import law.

U.S. District Judge Peter Leisure scheduled sentencing Feb. 9.

Wilkis admitted violating federal securities law in November 1984 when he purchased Textron Inc. securities through a foreign bank based on non-public material information he stole from Lazard Freres & Co. and its client.

Wilkis, who worked at Lazard Freres for four years before leaving in 1985, also admitted informing Dennis Levine, a former managing director at Drexel Burnham Lambert Inc., about the proposed takeover of Textron by Chicago Pacific.

Federal prosecutors said Wilkis made $137,268 on that insider trading deal and Levine made over $200,000.

In September, another Levine cohort, Ira B. Sokolow, 32, of Great Neck, N.Y., pleaded guilty to four counts of insider trading. Sokolow was sentenced in November to a year and a day in prison.

Levine pleaded guilty to four criminal counts last summer after federal authorities charged him with making more than $12 million in illegal profits through insider trading over a five-year period. He is awaiting sentencing.

Federal law forbids corporate executives, investment bankers and others with access to inside information on proposed mergers and takeovers from using it to trade in securities.

Wilkis' attorney, Gary Naftalis, said his client had voluntarily turned over to the government about $2.5 million in illegal profits held in a foreign bank.

In addition to admitting violating securities law, Wilkis, who resigned as first vice president for mergers and acquisitions at E.F. Hutton & Co. in June, admitted committing mail fraud by purchasing American Natural Resources stock with information supplied by Levine.