Lawyers have expressed concerns over the Financial Conduct Authority’s ability to intervene in the case against Crispin Odey, his firm Odey Asset Management, and willingness to act on other cases of non-financial misconduct.
FCA CEO Nikhil Rathi responded to the Treasury Select Committee in a letter on 5 July, confirming the regulator has been investigating the asset manager and its founder since 2021. FCA confirms investigations into Crispin Odey and Odey Asset Management But Polly James, global co-leader of law firm BCLP's financial services disputes and investigations practice, argued the FCA's approach of limiting enforcement on non-financial misconduct to "very extreme" cases has been "unhelpful". She explained that what firms can expect from the regulator in these instances has been mostly based ...
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