The following content is sourced from external partners. We cannot guarantee that it is suitable for the visually or hearing impaired.
(Bloomberg) -- A former UBS Group AG compliance officer and a day trader charged by U.K. regulators with making 1.4 millions pounds ($1.8 million) from insider trading pleaded not guilty in a London court.
Fabiana Abdel-Malek, 34, and Walid Choucair, 38, entered the pleas at a hearing Monday. The pair were charged by the U.K. Financial Conduct Authority last month with five counts of insider dealing between June 2013 and June 2014. The FCA alleged Abdel-Malek obtained the information through her role at UBS.
The five companies the defendants are accused of illegally trading shares in are: Elizabeth Arden Inc., German television operator Kabel Deutschland Holding AG, real estate investment trusts BRE Properties Inc. and Northstar Realty Finance Corp., and U.S. energy company Targa Resources Corp.
The trial has been scheduled for October 2018.
To contact the reporters on this story: Suzi Ring in London at firstname.lastname@example.org, Helen Chandler-Wilde in London at email@example.com.
To contact the editors responsible for this story: Anthony Aarons at firstname.lastname@example.org, Christopher Elser
©2017 Bloomberg L.P.