UK:
Former Investment Portfolio Manager Charged By UK Regulator With Insider Dealing
01 November 2016
Shearman & Sterling LLP
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On September 29, 2016, the FCA announced that it had instituted
criminal proceedings against Mark Alexander Lyttleton for alleged
insider dealing. Mr. Lyttleton was an Investment Portfolio Manager
at Blackrock Investment Management (UK) Ltd. The FCA has charged
Mr. Lyttleton with three counts of insider dealing pursuant to the
Criminal Justice Act 1993. The actions of Mr. Lyttleton in question
relate to trading in equities and a call option between October 2,
2011 and December 16, 2011. The criminal offense of insider dealing
is punishable by a fine or up to seven years imprisonment.
The press release is available at: https://www.fca.org.uk/news/press-releases/former-investment-portfolio-manager-charged-insider-dealing
.
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