Former Portfolio Manager at BlackRock Sentenced for Insider Trading

[kreslik.news]

A British judge handed a 12-month prison term to a former equity portfolio manager at BlackRock, ending his promising career in UK fund management circles after he was convicted of conspiring to insider deal in a case spanning London, Switzerland and a Panamanian offshore company.

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The sentence brings to a close the Financial Conduct Authority’s investigation, which began in 2012, in what the FCA described as a complex insider dealing operation. The charges related to a period between 2010 and March 2011.

Mark Lyttleton, who ... (read more)