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FCA investigates Citigroup trader leak claims

Prosecutors allege stock trader Walid Choucair received inside information from a UBS compliance officer

The UK’s Financial Conduct Authority is investigating allegations that a Citigroup employee leaked insider information about major deals to a stock trader before they became public.

The revelation came during a continuing insider trading trial Monday when prosecutors made a special disclosure to the jury about intelligence that came to light in the past few weeks.

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