The Upper Tribunal has rejected Crispin Odey’s appeal to overturn the Financial Conduct Authority’s decision to ban and fine him over a “lack of integrity”.
In its decision, published today (14 September), the Upper Tribunal (Tax and Chancery Chamber) said that none of the reasons provided by Odey for dismissing two executive committees, which were supposed to investigate allegations of misconduct by the former fund manager, "provide reasonable justification for his conduct". Justice Thompsell, judge Rupert Jones and member Catherine Farquharson, said that even though the primary focus of the appeal was on Odey's "lack of integrity in corporate governance", the case was set against the background of "findings of his misconduct", including in...
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