London | The UK markets watchdog warned Crispin Odey it plans to take action over what it called a “lack of integrity” when responded to allegations of sexual misconduct.

The Financial Conduct Authority said on Friday that Odey’s behavior towards both Odey Asset Management and the regulator “lacked candor” after he was given a written warning for his conduct. “He used inappropriate means to protect his own interests and achieve his objectives.”

Charging…