Neil Woodford makes a comeback

Alexland

talexuser said:

The Borisgraph reports the Jersey regulator has taken the "highly unusual"  step of publicly reprimanding Woodford for announcing his intentions without first having a license to operate there. Maybe the authorities see this as a step too far in getting away scot free? Usually the money talks, we'll see how this pans out.

Yes and FCA made similar comment and that they have agreed to share information on him with Jersey. Terry Smith was quick to comment that to obtain redemption you first need to take responsibility and apologise.

https://www.ii.co.uk/analysis-commentary/terry-smith-talks-about-neil-woodfords-fund-comeback-ii515170

maxsteam

Money_Grabber13579 said:

Surely with such a tarnished reputation, he'll struggle to attract investors, even if it is limited to professional investors only?
https://www.bbc.co.uk/news/business-56060960

Some people will invest with someone who is well-known in investment circles in preference to investing with someone who is unknown. Such people will be even happier to take this step if, by doing so, they are promoted to the rank of professional investor and can trade through a VIP account while humble mortals like myself only have ordinary accounts.