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UPDATE 1-Woodford fund managers used "flawed" EU rules, Britain's FCA chief says [Reuters (UK)]

Northern Trust Corporation (NTRS)  More Company Research Source: Reuters
Last northern trust corporation earnings: 4/21 07:29 am Check Earnings Report
US:NASDAQ Investor Relations: northerntrust.com/about-us/investor-relations
Woodford fund managers used 'flawed' EU rules, Britain's FCA chief says - Reuters 2 Min Read LONDON (Reuters) - Managers at Neil Woodford’s suspended flagship fund were using “flawed” European Union rules to the full, Financial Conduct Authority Chief Executive Andrew Bailey said on Tuesday as he faced questions over the British regulator’s role. “They were using the rules to the full and they were not telling us they were doing that,” Bailey told parliament’s Treasury Select Committee. Retail investors were left unable to get their cash out of the fund run by Woodford, one of Britain’s most high-profile money managers, after it suspended withdrawals in early June following a rise in redemptions. Bailey told lawmakers it was right to suspend the fund, but this would have been done earlier if the “flawed” European Union rules for funds were based on principles. The FCA has opened a formal investigation into events surrounding the suspension and the listing of some of the funds’ assets [Read more]
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Stockreport

UPDATE 1-Woodford fund managers used "flawed" EU rules, Britain's FCA chief says [Reuters (UK)]

Northern Trust Corporation  (NTRS) 
More Company Research Source: Reuters
Last northern trust corporation earnings: 4/21 07:29 am Check Earnings Report
US:NASDAQ Investor Relations: northerntrust.com/about-us/investor-relations
Woodford fund managers used 'flawed' EU rules, Britain's FCA chief says - Reuters 2 Min Read LONDON (Reuters) - Managers at Neil Woodford’s suspended flagship fund were using “flawed” European Union rules to the full, Financial Conduct Authority Chief Executive Andrew Bailey said on Tuesday as he faced questions over the British regulator’s role. “They were using the rules to the full and they were not telling us they were doing that,” Bailey told parliament’s Treasury Select Committee. Retail investors were left unable to get their cash out of the fund run by Woodford, one of Britain’s most high-profile money managers, after it suspended withdrawals in early June following a rise in redemptions. Bailey told lawmakers it was right to suspend the fund, but this would have been done earlier if the “flawed” European Union rules for funds were based on principles. The FCA has opened a formal investigation into events surrounding the suspension and the listing of some of the funds’ assets [Read more]
IMPACT SNAPSHOT
EVENT TIME:
NTRS
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS