Ex-BlackRock fund manager Mark Lyttleton has been given a 12-month sentence, including six months in jail, after previously pleading guilty to two counts of insider trading made in 2011.
He received a sentence of 12 months, to start immediately, of which six months will be spent in prison and the remainder out on licence. Lyttleton was also ordered to pay £149,861 confiscation costs and £83,225 costs. The manager, who was once responsible for over £4bn at BlackRock including the UK Dynamic and UK Absolute Alpha funds, attended a sentencing hearing at Southwark Crown Court today. Lyttleton (pictured) had previously pleaded guilty to two counts of insider trading related to equity trades and a call option, from which he profited around £45,000, at a London court on 2 No...
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