A former UBS compliance officer has been charged with insider dealing by the FCA after a joint investigation with the National Crime Agency.
Fabiana Abdel-Malek was charged with five counts of insider trading, which allegedly took place between June 2013 and June 2014.
Walid Choucair, a director at BAC Investments, was also charged with five counts of insider dealing. An earlier report from Bloomberg said he was accused of trading on the information supplied by Abdel-Malek.
They appeared at the City of London Magistrates’ Court today.
Abdel-Malek’s Linkedin profile shows she has worked in compliance at UBS since 2007. Since 2013, her role has covered investment banking compliance including structured finance, corporate derivatives and structured solutions, and sponsors and private equity.
Abdel-Malek and Choucair will appear at Southwark Crown Court in July to be confirmed for a plea and trial preparation hearing.