Overview
- The Financial Conduct Authority launched civil proceedings on Monday, June 8, 2026, asking a court for an injunction to stop Neil Woodford and W Four Point Zero FZE from carrying on activities it says breach UK law.
- The FCA alleges W4.0’s subscription site w4pz.com provided investment advice and made financial promotions without authorisation in breach of sections 19 and 21 of the Financial Services and Markets Act.
- W4.0 describes itself as unregulated and says it does not give financial advice, while Woodford has published podcasts and portfolio commentary on the platform since 2024 and the firm is registered in the United Arab Emirates.
- The action follows earlier FCA measures including provisional bans on Woodford, and fines totalling about £46 million for him and his former firm for failures linked to the 2019 collapse and wind-down of the Woodford Equity Income Fund.
- If the court grants an injunction it could force the platform to stop UK-facing promotions and advice, raise new questions about cross-border enforcement of UK rules, and affect subscribers who rely on Woodford’s published portfolios and commentary.