The case forms part of the FCA’s broader crackdown on workplace misconduct in the financial industry.

A tribunal upheld the FCA ban on Crispin Odey, finding he acted with a lack of integrity during disciplinary proceedings at Odey Asset Management over sexual misconduct allegations.

Odey’s defense argued he removed executives to prevent an unfair process that could force him out, claiming there were no other viable options.

Judges rejected the argument that his beliefs drove his actions, instead saying his conduct showed entitlement and a failure to grasp the harm, risking a culture where misconduct could be normalized at OAM.

The case taps into decades of allegations of sexual misconduct against Odey, including multiple civil settlements and a 2020-2021 criminal case where he was acquitted of rape but admitted propositioning a woman.

The FCA cited a 2021 Simmons & Simmons report identifying at least 46 historical misconduct claims by Odey toward female staff at OAM between 2003 and 2020, and alleged a breach of a final written warning by harassing a temporary receptionist in late 2021.

Internal governance at OAM was described as insular and patriarchal, with Odey wielding control and creating a hostile environment for women; the report documented numerous misconduct claims dating back to 2003.

The 2021 Simmons & Simmons report underpinning the regulators’ action documented at least 46 historical allegations of inappropriate conduct toward female employees at OAM from 2003 to 2020.

Odey’s public life has been marked by charisma and controversy, contrasting with a history of alleged abuse at Odey Asset Management.

Odey has been a prominent yet controversial figure in finance, noted for his role during the 2008 crisis and as a supporter of Brexit.

Observers say the verdict underscores the mismatch between Odey’s sharp, contrarian image and the seriousness of the misconduct and governance failures.

During the appeal, Odey admitted past groping allegations and tried to blame sedatives, claiming forgetfulness about other threats, with the tribunal noting a lack of contrition.