Investment Banking

Ex-UBS compliance officer found guilty of insider trading

Jury finds Fabiana Abdel-Malek and Walid Choucair guilty on three charges; deliberations continue on two other charges

A UK jury convicted a former UBS Group compliance officer and a wealthy trader of insider trading on Tuesday.

The pair were found guilty of insider trading on three of the charges they faced in the trial, taking place in London’s Southwark Crown Court. The jury was still considering two other charges at the end of the day.

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