In a major development concerning one of the UK’s most high-profile investment failures, the FCA has issued a provisional decision to fine Neil Woodford and his firm, Woodford Investment Management (WIM), a combined total of nearly £46m ($61m) – Woodford £6m ($8) and WIM £40m ($53). The FCA has also
FCA v Woodford: A £46m fine and a war of words over fund collapse
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The FCA’s decision has been rebutted by WIM, which intends to challenge the findings in the Upper Tribunal.