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Ex-UBS Official Tipped Pal To Elizabeth Arden Deal, Jury Hears

Law360, London (May 20, 2019, 8:45 PM BST) -- When Elizabeth Arden Inc. was looking for a potential buyer five years ago, a former UBS compliance officer with access to information about the possible acquisition was exchanging text messages with a trader friend who bought shares in the beauty products company, a London jury heard Monday.

A former UBS compliance officer was questioned Monday about text messages to a friend that the Financial Conduct Authority said overlapped with talks about a potential sale of cosmetics company Elizabeth Arden. (AP)

A prosecutor representing the Financial Conduct Authority pressed former UBS Group AG compliance officer Fabiana Abdel-Malek during testimony to explain what...

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