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last mo.

Court Filings Reveal 46 Allegations as FCA Seeks to Ban Crispin Odey

The case tests the regulator’s push into non‑financial misconduct enforcement with a March tribunal hearing scheduled.

Crispin Odey, the founding partner of Odey Asset Management, was forced out in June 2023
Crispin Odey’s hedge fund, Odey Asset Management, was shut down in 2023

Overview

  • Newly released FCA filings cite a 2021 Simmons & Simmons inquiry that identified at least 46 allegations of inappropriate conduct by Odey toward female employees from 2003 to 2020.
  • The FCA alleges Odey used his majority shareholding to oust Odey Asset Management’s executive committee in December 2021 and March 2022 to delay a disciplinary process that could have led to his dismissal.
  • A reconstituted committee held a disciplinary hearing in November 2022 that did not remove him, after an earlier process resulted in a final written warning in January 2021.
  • The regulator is seeking an industry ban and a £1.8 million fine for alleged lack of integrity, which Odey is contesting in the Upper Tribunal after a procedural hearing on Monday.
  • Odey argues the FCA is advancing a non‑financial misconduct agenda that damaged his firm, while separately pursuing a £79 million libel case against the Financial Times set for a joint trial with five personal‑injury claims in June.