Regulatory questions to be asked as Woodford investors' capital value could 'plummet'

Threat of legal action looms over Woodford IM

Mike Sheen
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Legal experts argued investors could challenge the application, timing, validity and operation of Neil Woodford's fund suspension
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Legal experts argued investors could challenge the application, timing, validity and operation of Neil Woodford's fund suspension

The Financial Conduct Authority (FCA) may need to review existing rules governing fund management, amid warnings that "investors will see the value of their investment plummet" as a result of the Woodford Equity Income fund's suspension of dealing, legal experts have said.

Investment Week reported recently that Woodford Investment Management could face legal action from investors as a result of its decision to suspend dealing while trading of the fund's assets continues....

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