Neil Woodford has hit back at the Financial Conduct Authority (FCA) after it announced legal action against the disgraced fund manager.
A spokesman for Woodford’s United Arab Emirates-based comeback venture, W4.0, said it was ‘regrettable’ that the City watchdog had announced it was seeking an injunction.
The scandal follows the collapse of Woodford’s flagship fund seven years ago.
He and his defunct business were fined £46million by the FCA, which also barred him from holding top City jobs, a punishment he is challenging.
Since the scandal, he has launched a comeback venture, W4.0.
