Stewart Ford launches £650m damages claim against FSA and PwC

Scott Sinclair

Stewart Ford is seeking £650m in damages from the financial regulator and auditor PricewaterhouseCoopers (PwC) for "causing" the collapse of Keydata, the investment firm he founded and which attracted almost £500m of investors' capital.

Ford said the Financial Services Authority (FSA) - the watchdog at the time of Keydata's insolvency in 2009 - exceeded its statutory authority as a regulator in its handling of the business' struggles....

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