Ex-Moore Trader To Face Insider Charges Next Week

Jan 24 2014 | 12:01pm ET

Former Moore Capital Management trader Julian Rifat will be formally charged with insider-trading next week.

Rifat, one of 10 suspects in the case arrested four years ago, will appear in a London court on Wednesday, according to Westminster Magistrates' Court. He will face eight charges.

Rifat, who was an execution trader at Moore, will be the ninth of the 10 suspects to be charged. Last year, he won a court order for the U.K. Financial Conduct Authority to either bring charges against him or drop the case. The details of the case against Rifat are unclear.

The 10th suspect, Clive Roberts, formerly of BNP Paribas, remains under investigation.

Two of those charged have pleaded guilty. Five others await trial.

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