Woodford Investment Management

Investors face 'heavy financial losses'

Fund suffered 1.1% loss over past three months

Higher levels of 'maturity and understanding' required

Firm gets backing amid fee structure criticism

Concerns raised following Equity Income fund closure

Investor urges fund group to be more cautious on promoting funds

Among the most shorted stocks in the FTSE 100

Group dismisses claims it failed in its role over Woodford fund

Downward revaluation of Industrial Heat

Lessons must be learned