Odey Asset Management LLP faces FCA actions after a tribunal upheld a ban on founder Crispin Odey over handling of sexual-misconduct allegations, amid ongoing questions about governance and compliance.
The Upper Tribunal has upheld the FCA ban on Odey Asset Management founder Crispin Odey, reducing the proposed fine. The decision states Odey lacks integrity and is unfit to work in financial services, following female staff misconduct allegations at the firm. The ruling also narrows the financial penalty.