Financial Conduct Authority
|Printable version||E-mail this to a friend|
Former Investment Portfolio Manager charged with insider dealing
The Financial Conduct Authority (FCA) has instituted criminal proceedings against Mark Alexander Lyttleton (date of birth 9 June 1971), a former Investment Portfolio Manager at Blackrock Investment Management (UK) Ltd. Mr 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 2 October 2011 and 16 December 2011.
Mr Lyttleton has been summonsed to attend City of London Magistrates’ Court on 29th September 2016.
Insider dealing is a criminal offence that is punishable by a fine or up to 7 years imprisonment.
Notes for editors
- The Financial Services and Markets Act 2000 gives the FCA powers to investigate and prosecute insider dealing, defined by The Criminal Justice Act 1993.
- To report market abuse to us or to speak to someone about it, please see our Market Abuse webpage.
- On 1 April 2013 the Financial Conduct Authority (FCA) became responsible for the conduct supervision of all regulated financial firms and the prudential supervision of those not supervised by the Prudential Regulation Authority (PRA).
- The FCA has an overarching strategic objective of ensuring the relevant markets function well. To support this it has three operational objectives: to secure an appropriate degree of protection for consumers; to protect and enhance the integrity of the UK financial system; and to promote effective competition in the interests of consumers.
- Find out more information about the FCA.
Latest News from
Financial Conduct Authority
HSBC voluntarily agrees to provide approximately £4m redress for historical debt collection practices20/01/2017 16:05:00
HSBC has voluntarily agreed to set up a redress scheme for customers who may have suffered detriment by paying an unreasonable debt collection charge imposed by HFC Bank Ltd (HFC) and John Lewis Financial Services Limited (JLFS), the Financial Conduct Authority (FCA) has announced today. Both HFC and JLFS are now part of HSBC Bank Plc.
FCA takes first criminal action against an individual acting as unlicensed consumer credit lender18/01/2017 09:20:00
Mr Dharam Prakash Gopee yesterday, 17 January 2017, appeared at Westminster Magistrates Court charged with offences under the Consumer Credit Act 1974 and the Financial Services and Markets Act 2000.
Two sentenced in insider dealing case16/01/2017 15:20:00
In a prosecution brought by the Financial Conduct Authority (FCA) Manjeet Mohal, a former employee of Logica Plc, has recently been sentenced to 10 months imprisonment suspended for two years in respect of two counts of insider dealing. He was also ordered to undertake 180 hours of community work. Reshim Birk, a neighbour of Mr Mohal’s was sentenced to 16 months imprisonment suspended for two years in respect of one count of insider dealing. He was ordered to undertake 200 hours of community work.
Mark Lyttleton sentenced to 12 months imprisonment for insider dealing22/12/2016 14:05:00
In a prosecution brought by the Financial Conduct Authority (FCA) Mark Lyttleton, a former Equity Portfolio Manager at BlackRock Investment Management (UK) Limited, was yesterday sentenced to 18 months reduced with credit to 12 months on two counts of insider dealing. A confiscation order was also made in the sum of £149,861.27 and costs awarded to the FCA of £83,225.62.
FCA launches consultation on changes to its FSCS rules and invites discussion on future funding of the scheme15/12/2016 15:10:00
The Financial Conduct Authority (FCA) has yesterday announced that it is inviting views on the future funding of the Financial Services Compensation Scheme (FSCS) and has also launched a consultation on a number of specific changes to its scheme rules.