Sunday, 21 September 2014
Last updated 2 days ago
Jan 29 2014 | 10:32am ET
Former Moore Capital Management trader Julian Rifat was formally charged with fraud today, with prosecutors offering details about his alleged insider-trading for the first time.
Rifat, who was an execution trader at Moore, was arrested four years ago. He is the ninth person—of the 10 arrested—to be charged in the case.
According to prosecutors, Rifat traded on illicit information about eight companies, among them Barclays and Volkswagen. Rifat spoke only to confirm his name at today's hearing, during which his case was transferred to a higher court.
Rifat will be back in court on Feb. 12.
Last year, Rifat sought and won a court order for the U.K. Financial Conduct Authority to either bring charges against him or end its probe. The 10th suspect in the case, former BNP Paribas employee Clive Roberts, remains under investigation.
Two of the charged have pleaded guilty. One, Aria Capital's Iraj Parvizi, has pleaded not guilty; the other five had not entered pleas.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.