Leigh Day receives over 500 enquiries from Woodford investors in HL claim

Probe begins over two companies' relationship

Lauren Mason
clock
Neil Woodford
Image:

Neil Woodford

Law firm Leigh Day has received over 500 enquiries in less than a fortnight after announcing an investigation into Hargreaves Lansdown's relationship with Woodford.

The consumer law team at Leigh Day is investigating Hargreaves Lansdown (HL) in relation to its promotion of the Woodford funds, in particular the Woodford Equity Income fund (WEIF). It is investigating whether HL misrepresented the health of WEIF while continuing to recommend it, ultimately resulting in losses for their clients. 2019: An appalling year for Woodford The relationship has been called into question "not least because [HL] upgraded and continued to include [WEIF] in its Wealth 50 list of recommended funds, up until the fund was suspended in June 2019". Bozena Michal...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Equities

Daryl Liew, CIO at REYL Singapore.

REYL's Liew eyes return to overweight positions in Asian quality growth names

'It's a question of timing'

clock 28 June 2022 • 3 min read
Industry Voice: T. Rowe Price's 2022 Midyear Market Outlook summary

Industry Voice: T. Rowe Price's 2022 Midyear Market Outlook summary

Transitioning to a new paradigm

Ritu Vohora, Investment Specialist, Capital Markets at T. Rowe Price
clock 23 June 2022 • 2 min read
Amazon shares are down 40% from its peak

Growth stock pickers feel like 'a kid in a candy shop'

'It is time to go shopping'

clock 22 June 2022 • 4 min read
Trustpilot