City watchdog sues Neil Woodford for allegedly offering unauthorised investment advice

Move comes months after the FCA announced plans to ban the former investment star from holding senior City 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 announcing plans to ban him 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 activities”. Continue reading...