Former Blackrock fund manager arrested

A former BlackRock fund manager has been arrested as part of an insider trading investigation in Britain, reports New York Times’ DealBook.

It adds that sources revealed 41-year-old Mark Lyttleton—who’d already left BlackRock—was taken into custody at the end of April. Of late, UK regulators have started to target market abuse in the financial district. Read more.

Also check out:

U.K. aims to boost financial industry ethics

Raise advisor standards

Investors are checking up on you