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Former Blackrock investment portfolio manager charged with insider dealing

Staff Writer |
The Financial Conduct Authority (FCA) has instituted criminal proceedings against Mark Alexander Lyttleton , a former Investment Portfolio Manager at Blackrock Investment Management UK.

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Lyttleton is charged with three counts of insider dealing, contrary to Section 52(1) of the Criminal Justice Act 1993. The offences relate to trading in equities and a call option between October 2, 2011 and December 26, 2011.

Lyttleton has been summonsed to attend City of London Magistrates’ Court on September 29, 2016. Insider dealing is a criminal offence that is punishable by a fine or up to 7 years imprisonment. ■

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