Britain’s Financial Conduct Authority dropped an investigation of Delphine Lyttleton, wife of former BlackRock fund manager Mark Lyttleton, two years after the pair were arrested as part of an insider-trading probe, said a person with knowledge of the situation.
Bloomberg News reports that Delphine Lyttleton was told by the regulator she’s no longer part of its probe about a month ago, said the person, who asked not to be identified because the case is private. Her husband is still under investigation, the person added. No charges have been brought against the pair.
The FCA arrested Mark Lyttleton, who once ran a BlackRock fund with as much as $3bn of assets, and his wife in London on April 30, 2013. The investigation relates 'to allegations carried out for personal gain while off our premises', BlackRock said at the time of the arrests.
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