Regulator fined the multimillionaire £1.8m and banned him from the financial services industry last year
Crispin Odey, the multimillionaire financier fighting various lawsuits relating to allegations of sexual misconduct, is to launch a case against the financial services regulator over his exile from the City.
The Financial Conduct Authority (FCA) fined Odey £1.8m and banned him from the financial services industry last year.
It found that he had displayed a “lack of integrity” by attempting to frustrate an investigation by his own hedge fund into allegations of sexual harassment, which he denies.
Odey had already launched a £79m libel claim against the Financial Times, which first published claims about his behaviour towards junior female staff. The fund, Odey Asset Management, shut down in the wake of the allegations.
