Odey Loses Ban Appeal
Crispin Odey lost his appeal against a financial industry ban for hindering a misconduct investigation, though his regulatory fine was reduced. The tribunal found he misused his power to protect his own interests.
Former hedge fund manager Crispin Odey lost his appeal on Monday against an industry ban, while the United Kingdom financial watchdog reduced his financial penalty. Londons Upper Tribunal cut the Financial Conduct Authority's fine to just below £1.53 million from £1.835 million ($2.47 million). The ruling delivers an early win for regulatory efforts targeting workplace misconduct.
