Crispin Odey was fined £1.8 million and banned by the UK’s financial regulator for showing a “reckless disregard” for governance at his former investment fund.

The Financial Conduct Authority said in a statement Odey’s conduct demonstrated that he was not a “fit and proper person” to work in the financial services industry after he moved to frustrate a disciplinary hearing into his own conduct in late 2021.

Odey removed all of the representatives of the executive committee at Odey Asset Management, appointed himself the sole member and postponed that hearing. OAM ultimately shuttered in 2023, after the Financial Times published fresh allegations of sexual harassment and assault by Odey.

— Bloomberg