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Jailed insider-trading duo were 'calculated and organized', FCA official says

( June 27, 2019, 16:48 GMT | Official Statement) -- MLex Summary: Former UBS compliance officer Fabiana Abdel-Malek, 36, and share trader Walid Choucair, 40, have each been sentenced today to three years in prison by a London court, after being convicted of five counts of insider trading. "This was not opportunistic, but calculated and organized. It was insider dealing at its most venal," said Mark Steward, executive director of enforcement at the UK's Financial Conduct Authority. "The FCA is determined to attack all forms of insider dealing, from opportunistic insiders to those who devise dishonest schemes to exploit and manipulate sources of inside information."Statement follows....

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