Stewart Owen Ford (born 1964) is a British businessman, the founder and chief executive (CEO) of the failed financial company Keydata Investment Services.
[4] The FCA fine is in connection with the alleged mis-selling of £475 million of "death bonds", wrongly encouraging buyers to believe that they were entitled to tax-free ISAs.
[5] Ford is counter-suing the FCA for £370 million, claiming that the closure of Keydata was "politically motivated", that the company was a "highly successful" one with nearly £3 billion of assets under management, and that his reputation had suffered "grievous and irreparable" harm.
[6] According to Ford, the one-day Upper Tribunal case management hearing for his challenge to the FCA's decision to fine him £75 million has been set for 23 September 2015.
[7] The decision of the Upper Tribunal was handed down on 6 November 2018 with Judge Berner finding for the Respondent (the FCA) and accepting their request to increase the fine to £76 million.