June 18, 2019 / 1:53 PM / 3 months ago

Britain's markets watchdog opens formal investigation into Woodford fund

LONDON, June 18 (Reuters) - Britain’s markets watchdog said it has opened a formal investigation into events surrounding the suspension of Neil Woodford’s flagship equity income fund.

“We have opened an investigation but cannot comment any further,” Financial Conduct Authority Chief Executive Andrew Bailey said in a letter to senior British lawmaker Nicky Morgan.

Reporting by Huw Jones Editing by Rachel Armstrong

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