Keydata

Lawyers acting for the FSCS have sent IFAs who recommended their clients invest in Keydata - and who the FSCS has now paid compensation - letters of claim saying the scheme will pursue the firms for recovery of the money.

Keydata founder Stewart Ford has today won a landmark High Court judgement against the Financial Services Authority (FSA), which was found to have acted unlawfully in its use of legally privileged material in its enforcement investigation.

Ten of this week's best-read articles...

Keydata founder Stewart Ford has issued a formal notice that he will sue KPMG's Eric Collard, the administrator of the Lifemark portfolio, if Collard fails to secure a $150m loan facility offer to save Lifemark.

Ten of this week's best-read news stories...

An adviser has spoken of his anger and confusion after an adjudicator from the Financial Ombudsman Service (FOS) ruled he had given unsuitable advice to clients on insolvent investment firm Keydata - even though the FSA had previously deemed his recommendation...

An IFA who writes a weekly money advice column for a regional newspaper is contesting a complaint that he wrongfully invested more than half of a 97-year-old woman's assets in Keydata.

Keydata founder Stewart Ford has put together a £91m loan facility offer for Lifemark, which, if accepted, he claims would repay the Financial Services Compensation Scheme and investors in full.

Keydata founder Stewart Ford has had his bid to stop the sale of some of Lifemark's assets rejected in a preliminary order by a Luxembourg court, but has said he plans to appeal the ruling.

Keydata founder Stewart Ford has embarked on the first stage of his legal case against the FSA, accusing the regulator of breaching his right to legal privilege in building their case against him.