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Meet the Ex-UBS Executive Convicted in an Insider-Trading Trial

Abdel-Malek, Choucair get three-year sentences in London case

The Financial Conduct Authority’s insider-trading trial of former UBS Group AG compliance officer Fabiana Abdel-Malek and her friend Walid Choucair ended with them each getting three-year sentences after a London jury found them guilty of five counts. The FCA alleged that Abdel-Malek gave Choucair tips about major corporate deals that UBS was advising on, helping make a profit of 1.4 million pounds ($1.8 million). The first trial last year ended with a hung jury.