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Woodford hits back at FCA fine, claiming regulator ‘never objected’ to fund liquidity

Asset Management Correspondent

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Former star fund manager Neil Woodford has hit back at fines totalling £46m imposed on him and Woodford Investment Management by the Financial Conduct Authority, claiming the UK regulator was “fully sighted” on the liquidity of his flagship investment fund.

fined Woodford £5.9m for failures relating to the collapse of his flagship Equity Income fund in 2019

, and imposed a separate £40m penalty on Woodford Investment Management.

Woodford Investment Management says regulator never suggested liquidity framework for Woodford’s  flagship fund was ‘inappropriate or unreasonable’

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DkjYskuj2Wswa2+mYoAOEyiKP13SWRsvbyfJOpyt0FpHydgVjxPf7mHYB5pAbE38IdDsF9Z50UZ4WidPriLK19fgREwrUEpQUSBr5ozD5UYFbRF9XrZPdsrrbdixvjjQ4qtVWPDLD3LYx0/WRXFXZV8WGEZ0ZLEu

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