Ex-Moore Capital Trader Faces Insider Trading Rap in UK

Law360, New York (January 29, 2014, 1:24 PM EST) -- A former equity trader at Moore Capital Management LLC was formally charged Wednesday with insider trading violations involving companies such as Barclays PLC, Volkwagen AG and Metro AG during an initial appearance in a U.K. court.

Julian Rifat did not enter a plea during the hearing at Westminster Magistrates Court in London, where a judge detailed his eight alleged violations of the U.K. Criminal Justice Act, Chris Hamilton, a spokesman for the U.K. Financial Conduct Authority confirmed to Law360.

The FCA earlier this month issued Rifat...
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