U.K.’s Financial Conduct Authority has charged former Moore Capital Management execution trader Julian Rifat on Wednesday with eight counts of insider trading.
The Wall Street Journal reported that Rifat, who was arrested in Oxford in 2010, did not enter a plea but has previously denied any wrongdoing.
The FCA alleged that Rifat obtained price-sensitive information about various companies during his years at Moore Capital and passed the information to an accomplice. He is the ninth person charged by the FCA as part of Operation Tabernula, which authorities described as the largest ever operations against alleged insider trading in the U.K.
Of the other men arrested in Operation Tabernula, one pleaded guilty and is serving a two-year jail sentence. Two others pleaded not guilty at a December court hearing. Five others have been charged with insider trading but have not entered pleas.