The most common and most likely answer to this crossword clue is the 7 letter word SHEARER
I've seen this crossword clue in The Times
S
H
E
A
R
E
R
More clues leading to the result SHEARER
- One cutting small member of audience?
- Southern judge maybe — a wool-cutter
- One fleecing his subjects?
- Small person perceiving one who removes coat
- Dancer getting hot in scorcher
- One wool-gathering artist reversed gauzy clothes
- He removes coats — hers are worn
- One barely attends to the flock
- Football broadcaster beginning to stultify listener
- Moira maybe as one handling sheep
Buddy explains!

The straight part
We know that "One fleecing his subjects?" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case one fleecing his subjects? = shearer.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.