thewealthnet

FCA blocks ‘unusual or significant’ payments to Odey AM bosses

News Team, 19/06/2023

The UK financial regulator (the FCA) has restricted the movement of assets and cash from Odey Asset Management in an attempt to restore stability to the asset manager following the exit of founder Crispin Odey after the emergence of sexual assault allegations.

The FCA has banned the firm from giving “unusual or significant” payments to its bosses.

Clients can still withdraw their money, but a note on the FCA register shows that effectively there is a freeze on ...


Continue reading this article...


Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.







You are currently not logged in,
login to view the full article
start by clicking this button.





Need a subscription,
fill out the form here or
contact subs@thewealthnet.com