A former UBS compliance officer and her family friend have had their appeals against insider trading convictions quashed by the court.
In June last year Fabiana Abdel-Malek and Walid Choucair were each convicted of five offences of insider dealing and sentenced to three years in prison at Southwark Crown Court.
The case was brought by the Financial Conduct Authority following an investigation which found Abdel-Malek had “abused her position” as a senior compliance officer at the investment bank UBS to pass inside information to her family friend and day trader Choucair.
Source: Pair convicted of insider trading lose appeal – FTAdviser.com
