Insider-Trading Suspect El-Khouri Denied Bail by London Judge

A securities trader facing extradition on U.S. insider-trading charges was denied bail by a London judge.

Joseph El-Khouri, who is allegedly part of a broader insider-trading conspiracy, was deemed a flight risk by Judge Susan Bouch at a hearing Monday. The 52-year-old El-Khouri holds dual Lebanese-British citizenship.

El-Khouri is one of six people indicted by the U.S. in related cases over the past 10 days. He allegedly played a “key role” in a “sophisticated” plot to trade on market-sensitive information in 2015, personally making $2 million, Robert Jansen, a U.K. prosecutor acting on behalf the U.S., told the court.

An ...