The U.K. Financial Conduct Authority ratcheted up another big win in its fight against insider trading Wednesday after Mark Lyttleton, a former BlackRock Inc. portfolio manager, was added to a growing list of high-profile financiers convicted over the crime.
Lyttleton pleaded guilty to two counts of insider trading in a London court after a third charge was dropped. He was accused by the FCA of insider dealing in relation 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.
