Former BlackRock fund manager Mark Lyttleton has pleaded guilty to two counts of insider trading, as part of an investigation that began in 2013.
Lyttleton (pictured), who ran a number of UK equity funds at BlackRock, was arrested in 2013 on suspicion of insider trading, after resigning from his role in March that year. He pleaded guilty to the two counts of insider trading related to equity trades and a call option at a London court on 2 November. He is due to be sentenced on 21 December. Lyttleton admitted he was able to discover inside information during his role on the fundamental equity team at BlackRock, by working on the deals related to these stocks or being party to conversations conducted by colleagues. The two sto...
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