Woodford founders voiced concerns to FCA in 2015: reports

The UK Financial Conduct Authority (FCA) was made aware of concerns about Neil Woodford's investment strategy at his fund management business back in 2015, but did not act until nearly two years later, according to reports. The Financial Times has reported that the regulator was informed about the running of Woodford Investment Management (WIM) when Nick Hamilton and Gray Smith, two of WIM's founding partners, left the business within its first year. Hamilton, who had been chief operating officer at Woodford's business, and Smith, chief legal and compliance officer, were interviewed b...