Odey Faces FCA Action for Attempts to Undermine Misconduct Probe
- Watchdog says Odey’s behavior over warning ‘lacked integrity’
- British tycoon rejoined OAM as a director earlier this year
Crispin Odey was warned by the UK markets watchdog that it plans to take action over what it called a “lack of integrity” when he responded to allegations of sexual misconduct.
The FCA said Friday that Odey’s behavior toward both Odey Asset Management and the regulator “lacked candor” after he was given a written warning for his conduct. The watchdog said Odey’s actions before a disciplinary hearing in 2022 “were deliberately designed to frustrate OAM’s ongoing disciplinary process into his conduct, in order to protect his own interests.”