The Upper Tribunal upheld the Financial Conduct Authority’s lifetime ban and 1.8 million pound fine against Crispin Odey. The ruling was based not on the underlying sexual misconduct allegations, but on Odey’s obstruction of Odey Asset Management’s internal investigation into those allegations. At least 46 reported incidents of inappropriate behavior spanning 17 years were documented, leading to the firm’s collapse in 2023. The decision establishes that obstructing an internal investigation constitutes grounds for a permanent ban from regulated finance.
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