FCA issues warning notice against Crispin Odey over 'lack of integrity'

Regulator alleges 'reckless disregard' on governance

Cristian Angeloni
clock • 2 min read

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 Friday (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. However, Odey used his majority shareholding in December 2021 to remove the existing members of ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

DB transfer adviser hit with provisional FCA ban and £742,700 fine

DB transfer adviser hit with provisional FCA ban and £742,700 fine

Daniel Thomas advised 53 clients, including four British Steel scheme members

Sophia Panayi
clock 03 September 2026 • 2 min read
Proving good customer outcomes still a challenge for financial planners

Proving good customer outcomes still a challenge for financial planners

Firms face practical challenges in Consumer Duty board reporting

Sophia Panayi
clock 03 September 2026 • 2 min read
'Watershed moment' as FCA's non-financial misconduct rules come into force

'Watershed moment' as FCA's non-financial misconduct rules come into force

Enforcement ‘not a question of if, but when’

Michael Nelson
clock 02 September 2026 • 2 min read