A judge ruled today that Bernard Madoff can remain free on the $10 million bail he posted and continue to live under house arrest in his luxury apartment on the Upper East Side of Manhattan while awaiting for his trial on securities fraud charges, media outlets reported.

According to Bloomberg News, Federal Magistrate Ronald Ellis, imposed new conditions on Madoff, ordering hin to make a list of all valuables in his home and barring him from transferring assets.

The Wall Street Journal is reporting that the judge ordered Madoff to have all outgoing mail searched by a private security company to prevent improper transfers of assets.

However, the judge rejected that prosecutions' claims that Madoff was a flight risk or that he was a danger to the community.

Madoff is next due to appear in court on Feb. 11 for an evidentiary hearing. On Monday, prosecutors reached an agrement with Madoff's attorney's to delay their indictment of the money manager on alleged fraud until mid-February, according to the WSJ.