FCA sues Neil Woodford for allegedly offering unauthorised investment advice

Former investment star was banned from holding senior manager roles after collapse of popular equity fund The UK financial regulator is taking legal action against the former investment star Neil Woodford for allegedly offering unauthorised investment advice online, months after being banned from the City. The Financial Conduct Authority said it was seeking an injunction against Woodford and W4.0, a United Arab Emirates-registered company, to stop them carrying out “potentially unlawful acti...

By Kalyeena Makortoff Banking correspondent