Ex-Moore Trader Rifat Remains Free On Bail

Feb 13 2014 | 10:31am ET

Former Moore Capital Management trader Julian Rifat remains free on insider-trading charges.

Rifat, who was accused last month of passing confidential information about eight companies to an accomplice four years after his arrest, did not enter a plea at yesterday's hearing. He'll be back in court in May, when he's expected to answer the charges against him.

Southwark Crown Court extended Rifat's bail until that hearing.

Rifat has denied wrongdoing, and last year sought and won a court order forcing the U.K. Financial Conduct Authority to either bring charges against him or end its probe. He is the ninth person—of the 10 arrested in Operation Tabernula—to be charged.

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