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FCA launches investigation into LF Woodford Equity Income suspension

FCA launches investigation into LF Woodford Equity Income suspension

The Financial Conduct Authority (FCA) has opened an investigation into the events that led to the suspension of LF Woodford Equity Income Fund (GB00BLRZQB71), but is not disclosing details of the nature of the investigation. This fund was suspended from trading on 3 June due to an increase in the amounts of money investors were pulling out of it. A spokesperson at Woodford Investment Management said: “We can confirm we have been contacted by the FCA, regarding its investigation relating to the events that led to the suspension of LF Woodford Equity Income Fund, and will be co-operating fully with its investigation.”

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