LONDON (Reuters) – Stewart Ford, the former CEO of now-defunct death bond company Keydata, has lost a protracted battle against Britains financial regulator over a record 76 million pound fine and a ban from regulated financial services.
The Financial Conduct Authority said on Tuesday that Londons Upper Tribunal, which hears challenges against its decisions, had upheld its fines and bans against Ford and Mark Owen, the former sales director of Keydata Investment Services.
Owen faces a 3.24 million pound fine.
Reuters could not immediately reach Ford and Owen, who the FCA said had represented themselves in court, for comment.
Thousands of often elderly people invested more than 450 million pounds into Keydata, which promoted death bonds i…
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