Ex-Moore Capital Trader Pleads Guilty to Insider Dealing

BusinessWeek – Julian Rifat, a former trader at Moore Capital Management LLC who was once named in a list of “Institutional Investors That Matter,” pleaded guilty to insider dealing at a London court today.

Rifat, 45, entered a guilty plea to a charge brought by the U.K. Financial Conduct Authority, relating to trading using illegal tips in companies including Barclays Plc, Volkswagen AG and Metro AG. A sentencing date was scheduled for January.

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