Gary D. Eder pleaded guilty to two felony counts.

Eder, a former top-producing stockbroker at Paine Webber Inc., was indicted last week in a $700,000 money-laundering scheme. A vice president at Paine Webber until he resigned last month, Eder pleaded guilty in federal court to one count each of conspiring not to file required government forms on large cash transactions and creating false brokerage files. At his arraignment, Eder, 41, of the Long Island, N.Y., community of Woodmere, told U.S. District Judge Edward J. Palmieri he was “absolutely” guilty of the charges. Eder faces a maximum 10 years in prison and a $260,000 fine when he is sentenced by Palmieri May 27.