Mark Lyttleton, a former BlackRock Inc. portfolio manager, pleaded guilty to two counts of insider trading, becoming the latest high-profile figure snared in the U.K. regulator’s crackdown on the crime.
Lyttleton entered his plea Wednesday in a London court after a third count was dropped. He was accused by the U.K. Financial Conduct Authority of insider dealing relating to trading in shares of EnCore Oil Plc in October 2011 ahead of news about a proposed takeover and, a month later, call options in Cairn Energy Plc related to the discovery of oil in Greenland.
via Former BlackRock Manager Pleads Guilty to Insider Trading – Bloomberg
