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FCA takes action against former fund manager for unauthorized activity

An office worker stands in front of an outdoor big screen displaying stock market data in Canary Wharf, London, UK.
Photo: Getty Images

Hameed Shuja

3 min read
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The announcement is the latest twist in a high-profile legal battle between the regulator and the fund manager, which started with the collapse of his previous company back in 2019.

The UK’s financial watchdog has started legal proceedings against Neil Woodford and his firm W4.0 for allegedly “operating without authorisation.”

The FCA said the enforcement action comes after Woodford and his firm allegedly started providing regulated investment advice and making financial promotions through his platform without being authorized to do

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