The U.K. financial regulator said it investigated claims that an employee at Citigroup Inc. with access to “price-sensitive information” communicated with a wealthy trader on the periphery of a London insider-trading trial.
The Financial Conduct Authority said that the Citigroup employee, which it called a “source,” spoke with an intermediary of Alshair Fiyaz. The FCA said the contacts were backed up by “limited telephone contact” in 2015 and 2017.
The disclosure was part of a London insider-trading trial involving another trader, Walid Choucair, and former UBS Group AG compliance officer Fabiana Abdel-Malek. Choucair argues as part of his defense ...
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