# Stewart Ford

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**Stewart Owen Ford** (born 1964) is a British businessman, the founder and chief executive (CEO) of the failed financial company Keydata Investment Services. He was fined a record £76 million by the [Financial Conduct Authority](/source/Financial_Conduct_Authority) in January 2019.[1]

## Early life

Stewart Owen Ford was born in 1964.[2] He lived in Edinburgh until he was 17.[3]

## Career

Ford studied printing in London when he was 20. Afterwards, he went back to Edinburgh and started in business for himself. He had a career as a printer, publisher and then a [financial services](/source/Financial_services) entrepreneur.[3]

On 26 May 2015, it was announced that Ford had been fined a record £75 million by the [Financial Conduct Authority](/source/Financial_Conduct_Authority) (FCA).[4] The FCA fine is in connection with the alleged mis-selling of £475 million of "[death bonds](/source/Death_bond)", wrongly encouraging buyers to believe that they were entitled to tax-free [ISAs](/source/Individual_Savings_Account).[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](/source/Assets_under_management), and that his reputation had suffered "grievous and irreparable" harm.[6]

According to Ford, the one-day [Upper Tribunal](/source/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.[8]

## References

1. ["Final Notice 2019: Stewart Owen Ford"](https://www.fca.org.uk/publication/final-notices/stewart-owen-ford-2019.pdf). 15 January 2019.

1. ["Stewart Owen Ford"](http://companycheck.co.uk/director/911560457). *Companycheck*. Retrieved 27 May 2015.

1. Martin, Iain (15 July 2010). ["Keydata victims ask: who is Stewart Ford?"](http://citywire.co.uk/new-model-adviser/news/keydata-victims-ask-who-is-stewart-ford/a413832). *CityWire*. Retrieved 27 May 2015.

1. Collinson, Patrick (26 May 2015). ["Investment firm founder fined record £75m by FCA after Keydata collapse"](https://www.theguardian.com/business/2015/may/26/investment-firm-founder-fined-record-75m-fca-stewart-ford-keydata). *The Guardian*. Retrieved 27 May 2015.

1. Spence, Peter (26 May 2015). ["Former Keydata boss faces £75m fine from City watchdog for 'death bonds'"](https://www.telegraph.co.uk/finance/financial-crime/11630655/Former-Keydata-boss-faces-75m-fine-from-City-watchdog-for-death-bonds.html). *Daily Telegraph*. Retrieved 5 July 2015.

1. Mackie, Gareth (3 August 2014). ["Entrepreneur seeks £370m in damages from FCA"](http://www.scotsman.com/mobile/business/finance/entrepreneur-seeks-370m-in-damages-from-fca-1-3497442). *The Scotsman*. Retrieved 27 May 2015.

1. Baxter, Dave (12 June 2015). ["Upper Tribunal date set for Stewart Ford"](http://www.ftadviser.com/2015/06/12/regulation/upper-tribunal-date-set-for-stewart-ford-McHoB4YGxvmnRJ4ejaOZfI/article.html). *FT adviser*. Retrieved 5 July 2015.

1. ["Stewart Owen Ford and Mark John Owen v The Financial Conduct Authority: \[2018\] UKUT 0358 (TCC)"](https://www.gov.uk/tax-and-chancery-tribunal-decisions/stewart-owen-ford-and-mark-john-owen-v-the-financial-conduct-authority-2018-ukut-0358-tcc). *GOV.UK*

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Adapted from the Wikipedia article [Stewart Ford](https://en.wikipedia.org/wiki/Stewart_Ford) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Stewart_Ford?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.