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 ...
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