Neil Woodford and his investment firm fined almost £46m over fund failings
by Julia Kollewe from World news | The Guardian on (#6Z3XK)
FCA also bans former star stock picker from holding senior manager roles and managing funds for retail investors
The former UK star stock picker Neil Woodford and his investment management company have been fined almost 46m by the UK's financial regulator over the collapse of his popular equity fund.
The Financial Conduct Authority (FCA) has given Woodford a penalty of 5.89m and banned him from holding senior manager roles and managing funds for retail investors and fined Woodford Investment Management (WIM) 40m.
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