The Financial Conduct Authority has started civil proceedings against Neil Woodford and W4.0, alleging that they have been providing regulated investment advice and making financial promotions through the subscription-based platform www.w4pz.com without authorisation. In the FCA’s view, that activity breaches sections 19 and 21 of the Financial Services and Markets Act 2000. The FCA is seeking an injunction against Woodford and W4.0 to stop them carrying on the potentially unlawful activities. W4.0 is the trading name of W Four Point Zero FZE LLC, which is registered in the United Arab Emirates.