The City watchdog has told Crispin Odey that it intends to take action against the hedge fund boss for using “improper means to protect his own interests” after he was accused of sexual misconduct.
The Financial Conduct Authority confirmed that it had sent Odey, 65, a warning notice in which it accused him of breaching its conduct rules and of demonstrating “a lack of integrity”.
A warning notice is not the final decision and Odey can still make representations to the FCA’s regulatory decisions committee before it decides whether to take formal action. Odey was approached for comment.
• Crispin Odey rejoins hedge fund after sexual misconduct claims
Odey’s standing as one of Britain’s star fund managers collapsed last year after a number of women