A former hedge fund executive has failed in his appeal against a lifetime ban from financial services for allegedly obstructing probes into sexual harassment claims against him. Judges confirmed the Financial Conduct Authority’s decision, though they reduced a proposed penalty from £1.83 million to £1.53 million. The ruling follows an earlier FCA determination that the individual had attempted to undermine investigations into misconduct allegations. The case highlights ongoing scrutiny over misconduct in the financial sector and regulatory efforts to hold accountable those who interfere with probes.
Judges uphold ruling that financier tried to ‘frustrate’ investigations into harassment claims against himThe former hedge fund boss Crispin Odey has lost a legal challenge to overturn his lifetime ban from the City for trying to “frustrate” investigations into sexual harassment allegations against him.A ruling by judges at the upper tribunal upheld the ban imposed by the Financial Conduct Authority (FCA) in March last year, while reducing a proposed fine of £1.83m to £1.53m. Continue reading...
