Ex-Trader Rifat Said to Face Charges After U.K. Probe
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Julian Rifat, a former trader at Moore Capital Management LLC, will be charged as soon as this month in the U.K.’s biggest insider-trading case, according to two people with knowledge of the case.
Rifat, who was arrested nearly four years ago, will be charged by the Financial Conduct Authority no later than early next month, said one of the people, who asked not to be identified because the matter isn’t public. His lawyer was told by the regulator yesterday that he will be charged soon, the other person said. A hearing for Rifat at a London criminal court scheduled for today has been canceled.