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FCA Vows To Retry UBS Insider Dealing Case After Hung Jury

Law360, London (December 12, 2018, 9:37 PM GMT) -- A London jury failed to reach a verdict Wednesday in the trial of a former UBS AG compliance officer and her day-trader friend accused of making £1.4 million ($1.76 million) by trading on inside information on potential takeover deals, in a case the British financial watchdog quickly said it planned to retry.

Judge Joanna Korner discharged the Southwark Crown Court jury after five days of deliberations. The jurors told the judge they were deadlocked on the charges against former UBS worker Fabiana Abdel-Malek and day trader Walid Choucair, who the FCA accused of five charges of insider trading.

The financial watchdog...

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