MPs Urge FCA To Clarify When Woodford Probe Will End
Law360, London (February 18, 2021, 5:20 PM GMT) -- Britain's financial watchdog should be clear about when it will conclude its probe into the suspension of Neil Woodford's £3.7 billion ($5.2 billion) flagship investment fund, a parliamentary committee said on Thursday, after the stockpicker announced his comeback with a new company.
Mel Stride, chairman of the Commons Treasury Committee, said the Financial Conduct Authority should update the market on when it expects to end its investigation into the Woodford Equity Income Fund.
The City watchdog launched the review more than 18 months ago to establish why the fund had to shut investors out of their accounts in June 2019. This left...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!