Ex-UBS compliance officer pleads not guilty to insider trading

Former UBS compliance officer Fabiana Abdel-Malek today pleaded not guilty to five charges of insider dealing at Southwark Crown Court.

The prosecution, brought by the Financial Conduct Authority (FCA), alleges she passed on inside information about the proposed takeovers of five different companies to her associate Walid Anis Choucair.

Choucair allegedly made a £1.4 million profit by trading on the information between June 2013 and June 2014.

 

Source: Wealth Manager

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