09:48 EDT, 16 March 2021
A Goldman Sachs analyst and his lawyer brother will face trial over claims they made £142,000 in profit from insider trading. Mohamed Zina and Suhail Zina, both of Stoke Newington, north London, are accused of having made the sum between July 15, 2016 and December 4, 2017.
Mohamed, 32, was working for Goldman Sachs International s Conflicts Resolution Group in their London office, while Suhail, 33, was a solicitor at Clifford Chance.
The brothers, who both left their respective roles in 2018, were charged by the UK regulator, the Financial Conduct Authority (FCA), with six offences of insider dealing and three counts of fraud by false representation.
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LONDON (Reuters) - Britain’s financial watchdog said it has started fraud and insider dealing proceedings against two brothers, one who worked as a Goldman Sachs analyst, the other as a lawyer at Clifford Chance.
The Financial Conduct Authority (FCA) said the proceedings against Mohammed Zina, 32, and his brother Suhail Zina, 33, relate to six offences of insider dealing and three offences of fraud by false representation, making an alleged profit of 142,000 pounds ($197,834).
“Mohammed Zina was employed by Goldman Sachs International as an analyst in the Conflicts Resolution Group in their London office. Suhail Zina was a solicitor at Clifford Chance, also in London,” the FCA said in a statement on Tuesday.
Goldman bank analyst charged with insider trading, along with his brother Mohammed Zina and Suhail Zina were charged over trading in six stocks, the UK s Financial Conduct Authority says 16 February 2021 - 15:51 Jonathan Browning Picture: 123RF/THANANIT SUNTIVIRIYANON
A former Goldman Sachs analyst and his brother, a lawyer at a top London law firm, were charged with insider trading by UK financial prosecutors.
The pair, Mohammed Zina and Suhail Zina, were charged over trading in six stocks, the Financial Conduct Authority said in a statement on Tuesday. Suhail Zina was a junior solicitor at Clifford Chance.
Mohammed Zina, who worked as an analyst at the bank’s unit that checks for business conflicts, pleaded not guilty at a London court, an FCA spokesperson said. He left Goldman Sachs in 2018. Suhail left Clifford Chance the same year.