trending Market Intelligence /marketintelligence/en/news-insights/trending/2Z_PNe1K0RHqIU3ucEO3uw2 content esgSubNav
In This List

British jury fails to reach verdict against ex-UBS officer

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Investment Banking Essentials Newsletter April Edition - 2022

Blog

Banking Essentials Newsletter April Edition - 2022


British jury fails to reach verdict against ex-UBS officer

A British jury failed to reach a majority verdict in an insider trading case brought forth by the Financial Conduct Authority against Fabiana Abdel-Malek, a former compliance officer at Swiss bank UBS Group AG, and Walid Choucair, a day trader, the Financial Times reported.

The U.K. FCA stipulated after the U.K. jury was discharged that the regulator would seek a retrial.

Abdel-Malek in November was reportedly in charge of a project aimed at stopping leaks.

The U.K. FCA charged Abdel-Malek and alleged accomplice Choucair with five counts of insider trading each in 2017. Abdel-Malek allegedly passed on information on five separate occasions between June 2013 and June 2014 to Choucair, who is accused by the regulator of using the information in trading.