Ex-Moore trader charged with eight counts of insider trading

Pointing The Finger

Julian Rifat, a former trader at Moore Capital Management, was charged with eight counts of insider trading at a London court Wednesday after a four-year investigation.

Bloomberg reports that Barclays, Volkswagen and Metro. He spoke only to confirm his name at the hearing. His case was transferred to a higher criminal court where he’s scheduled to appear on February 12th.

He is the ninth person to be charged in the U.K.’s largest insider-trading probe, dubbed Operation Tabernula, after the Financial Conduct Authority stepped up its efforts to prosecute the offense in the wake of the financial crisis. The agency hadn’t brought an insider-trading case before 2008.

To access the complete Bloomberg article hit the link below:

Ex-Moore Capital Trader Ninth Charged in Insider-Trading Probe

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image: © Lisamarie Babik

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