Crispin Odey, the former hedge fund manager, has lost his appeal against a lifetime ban from the UK financial services industry, after an upper tribunal upheld the Financial Conduct Authority's ruling that he tried to obstruct investigations into sexual harassment allegations against him. The tribunal found Odey "lacked integrity" and was "not a fit and proper person" to work in the City, concluding it was reasonable for the regulator to impose a prohibition order given his conduct at Odey Asset Management (OAM) between December 2021 and November 2022.

The judges found Odey had misused his authority by twice sacking the firm's entire executive committee to block action against him and protect his own interests, and noted he showed "no contrition" during a three-week appeal hearing, instead portraying himself as the victim. While upholding the ban, the tribunal reduced the FCA's proposed fine from £1.83m to £1.53m. The allegations, first reported by the Financial Times in 2023, led to Odey's resignation and OAM's closure; the FCA's Therese Chambers said Odey had believed he could "act with impunity" and displayed "arrogant entitlement" throughout the process.