The Financial Conduct Authority will not take any regulatory or enforcement action against Odey Asset Management, following allegations of sexual misconduct against founder Crispin Odey in June this year.
In an investor letter seen by Investment Week, Odey AM CEO Peter Martin and COO and CFO Michael Ede said they were "pleased to report that the FCA have completed their investigation into the firm and will not be taking any action". FCA CEO Nikhil Rathi had revealed last week at a Treasury Select Committee hearing that the investigation into the asset manager had closed, but that the investigation into Crispin Odey remained live. Rathi clarified that, should any further evidence against Odey AM appear, the FCA "reserves the right to reopen" the investigation, whereas the investigation ...
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