The Financial Conduct Authority has issued a warning notice to Crispin Odey, proposing to take regulatory action against the disgraced hedge fund manager.
The notice, sent on 24 September and published today (1 November), alleges breaches of the FCA's code of conduct between December 2021 and November 2022, when Odey was at his eponymous firm Odey Asset Management (OAM) and held senior manager functions and responsibilities. The watchdog detailed that following a final written notice given to Odey in February 2021 in relation to inappropriate behaviour, OAM scheduled a disciplinary hearing on the matter to assess any breaches of the notice. Odey Wealth Management files for voluntary liquidation However, Odey used his majority shareho...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
