The FCA has launched a formal investigation into the suspension of the LF Woodford Equity Income fund, as it also revealed the fund twice breached the 10% exposure to unquoted holdings limit in February last year.
In an open letter penned by Financial Conduct Authority (FCA) chief executive Andrew Bailey, in response to Treasury committee chair Nicky Morgan, confirmed the regulator had been in regular contact with...
Concerns surrounding risk management
Share price spikes
Kept details private
146 FSCS claims
In quarterly newsletter
Fund manager approaches Salford-based adviser
AR failed last year
Spread the financial services word
'First day of closure' for trapped investors