Former Investment Portfolio Manager charged with insider dealing
30 Sep 2016 02:53 PM
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.
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