With as much warning as ever, the FCA revealed it was attempting to take action against Neil Woodford and his fund house, Woodford Investment Management, for a raft of liquidity-related failings this week.
The regulator has been largely silent on the matter for months, and essentially everyone had given up on predicting when such a statement would be issued, given we're rapidly approaching the fifth anniversary of the fund's suspension. Woodford and WIM have been accused of a "defective and unreasonably narrow understanding of responsibilities" and "unreasonable and inappropriate investment decisions", respectively, charges these parties have taken umbrage with. FCA issues warning notice to Neil Woodford and WIM over liquidity failings Within minutes of the regulator issuing its warn...
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