Ex-BlackRock Manager Jailed for 1 Year Over Insider-Trading
- Mark Lyttleton was sentenced to 12 months by a London judge
- 45-year-old made 35,000 pounds trading in two energy firms
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Former BlackRock Inc. portfolio manager Mark Lyttleton was sentenced to a year in prison for insider trading by a London judge, becoming the latest high-profile finance figure to face jail for the offense.
The 45-year-old pleaded guilty to two counts of insider trading last month. He was ordered to pay about 230,000 pounds ($284,000) in confiscation and costs by the court Wednesday after making 35,000 pounds trading shares of two energy companies.