Ex-BlackRock Portfolio Manager Pleads Guilty to Insider Dealing
November 02 2016 - 7:45AM
Dow Jones News
By Razak Musah Baba
LONDON--Mark Lyttleton, a former equity portfolio manager at
BlackRock Inc (BLK), has pleaded guilty to two counts of insider
dealing, the U.K. financial regulator said Wednesday.
In a case heard at Southwark Crown Court, London, Mr. Lyttleton
admitted dealing using insider information obtained during his
employment at BlackRock, the Financial Conduct Authority said.
The two stocks concerned are EnCore Oil PLC, between Oct. 1,
2011 and Oct. 13, 2011, and Cairn Energy PLC (CNE.LN), between Nov.
4 2011 and Dec. 17, 2011.
Mr. Lyttleton was able to discover and act on inside information
either by working on the deals concerning these stocks or by being
party to conversations conducted by colleagues.
Mr. Lyttleton will be sentenced on Dec. 21, 2016, the FCA
said.
Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
(END) Dow Jones Newswires
November 02, 2016 07:30 ET (11:30 GMT)
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