City watchdog warns Crispin Odey it will punish him for his ‘lack of integrity’

FCA says financier showed reckless disregard for rules over inquiry into alleged sexual misconduct

The financial regulator has warned the former hedge fund manager Crispin Odey that it is planning to take action against him for failing to act with integrity, and deliberately frustrating a disciplinary process into sexual harassment allegations in order to protect his own interests.

The Financial Conduct Authority (FCA) said it had notified Odey that it believed he had breached the regulator’s code of conduct, which “required him to act with integrity”, between December 2021 and November 2022.