Disgraced fund manger Neil Woodford has been questioned by investigators looking into the collapse of his investment fund, Britain s financial watchdog has revealed.
The inquiry by the Financial Conduct Authority is expected to be completed by the end of the year, with sanctions and legal action not being ruled out.
In a letter to MPs, the regulator s chief executive, Nikhil Rathi, said officials have spoken to 14 witnesses and all key interviews are now complete.
Disgraced fund manger Neil Woodford has been questioned by investigators looking into the collapse of his investment fund
The regulator added that Woodford Investment Management Limited, Mr Woodford s firm, does not hold a licence to sell investments to the public, following recent reports that the fund manager was considering a new venture.
Neil Woodford has been questioned by investigators looking into the collapse of his investment fund, the financial watchdog has revealed.
The inquiry by the Financial Conduct Authority (FCA) is expected to be completed by the end of the year, with sanctions and legal action not being ruled out.
In a letter to MPs, the regulator’s chief executive, Nikhil Rathi, said officials have spoken to 14 witnesses and all key interviews are now complete.
The regulator added that Woodford Investment Management Limited – Mr Woodford’s firm – does not hold a licence to sell investments to the public, following recent reports that the fund manager was considering a new venture.
Woodford interviewed by investigators probing fund collapse aol.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aol.co.uk Daily Mail and Mail on Sunday newspapers.
Woodford interviewed by investigators probing fund collapse aol.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aol.co.uk Daily Mail and Mail on Sunday newspapers.