Crispin Odey, founder of Odey Asset Management LLP (OAM), has had his lifetime ban by the FCA upheld by the Upper Tribunal today but his fine has been reduced.

The Financial Conduct Authority has provisionally fined Crispin Odey of Odey Asset Management LLP (OAM) £1.8m and provisionally banned him from the financial services industry for a lack of integrity. 

The FCA has issued a warning notice that it is preparing to take action against high profile fund manager Crispin Odey for demonstrating a "lack of integrity."