The former chief executive of a failed investment firm has been given just over two weeks to pay a record 76m fine by the City regulator.
The Financial Conduct Authority formally imposed the huge fine on Stewart Ford today over his role in one of the UKs largest investment scandals. He must find the funds to pay the penalty in full by 1 February.
The former chief executive of the so-called death bond company Keydata lost a long legal battle against the penalty, the highest ever handed down by the Financial Conduct Authority (FCA).
Tens of thousands of UK investors lost out after putting almost 450m into so-called death bond policies via the investment firm, which was dissolved in 2014 after being declared insolvent and breaking tax rules.
Th…
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