U.K.’s Financial Conduct Authority will reportedly charge former Moore Capital Management Julian Rifat in one of U.K’s largest insider trading cases after a four-year probe.
Bloomberg reported that Rifat, who was arrested four years ago, will be charged no later than next month. His hearing at a London criminal court scheduled for Friday was canceled.
Rifat, who was an execution trader in New York-based Moore Capital’s London office, was arrested in 2010 as part of Operation Tabernula, which authorities described at the time as the largest ever operations against alleged insider trading.
Eight other men have been charged in the probe.