FCA sues Neil Woodford and W4.0 for unauthorised activity
FCA commenced civil proceedings against Neil Woodford and W4.0 for allegedly providing unauthorised investment advice and financial promotions via w4pz.com.
The FCA alleges breaches of sections 19 and 21 FSMA through a subscription-based platform offering investment advice without authorisation. The FCA is seeking an injunction. The case signals continued enforcement focus on unauthorised online financial promotions.
Highlights FCA enforcement appetite against unauthorised investment platforms and high-profile individuals.
Action Required
Review perimeter risk controls and monitor unauthorised investment platforms targeting retail clients.
High-profile enforcement reinforcing perimeter and financial promotions regime.
Reinforce monitoring of unauthorised investment platforms and financial promotions; ensure customer-facing communications comply with FSMA sections 19 and 21.
“The FCA has started civil proceedings against Mr Neil Woodford and W4.0, alleging unauthorised regulated investment advice and financial promotions via w4pz.com in breach of FSMA sections 19 and 21.”
Published: 2026-06-15