24 Hrs
Source:
The Guardian
FCA sues Woodford for unapproved advice
The UK financial regulator is taking legal action against Neil Woodford and his company W4.0 for allegedly providing unauthorized investment advice through a subscription platform. This follows the FCA’s previous ban on Woodford from managing funds and holding senior roles after his equity fund collapsed in 2019, causing significant losses for investors. The FCA seeks an injunction to prevent ongoing unlawful activities, while Woodford continues to operate W4.0 in the UAE, promoting investment strategies without formal authorization.
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