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Ex-Moore Trader Rifat Gets 19 Months Jail on Insider Trading

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Former Moore Capital trader Julian Rifat was sentenced to 19 months in jail by a London judge for insider trading following the biggest probe of its kind by British regulators.

Rifat was fined 100,000 pounds ($147,300) and ordered to pay about 159,000 pounds in legal costs at the hearing on Thursday after pleading guilty in November to trading using illegal tips in companies including Barclays Plc, Volkswagen AG and Metro AG.