Ex-Blackrock Exec Jailed In UK For Insider Trading

Law360, London (December 21, 2016, 2:52 PM GMT) -- A former Blackrock investment manager was sentenced to 12 months in prison by a London court on Wednesday for insider dealing stemming from trades in energy companies in 2011, in another win for the Financial Conduct Authority.

Former Blackrock investment manager Mark Lyttleton will serve a minimum of six months in prison for insider trading, after being sentenced to 12 months Wednesday by a London court. (Getty) Mark Lyttleton, a former equity portfolio manager described by the prosecution as a former high-flying “golden boy” at the firm, will serve six months minimum, Judge Andrew Goymer ruled. Lyttleton was also ordered to...

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