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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.