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Former Moore Capital trader pleads guilty to insider dealing

Julian Rifat becomes the third individual to plead guilty to insider dealing offences arising out of the FCA's Operation Tabernula

The UK’s financial services regulator said Friday that Julian Rifat, a former senior trader at Moore Capital Management, has pleaded guilty to an indictment reflecting eight instances of insider dealing.

Rifat is the third individual to plead guilty to insider dealing offences arising out of Operation Tabernula, the regulator's largest insider dealing investigation. He will be sentenced in 2015.

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