The Financial Conduct Authority (FCA) is preparing to restart its disciplinary action against Keydata founder Stewart Ford after his attempt to appeal a previous High Court ruling was quashed.
Ford wanted to appeal against the court's ruling that previous investigators, who had seen "legally privileged emails" in the case against him and Keydata, should be allowed to continue working on the case. The High Court ruled in October 2011 that emails used by the Financial Services Authority (FSA) in its investigation into the collapse of Keydata were classed as "legally privileged" and could not be used in constructing a case against Ford. In 2012 judge Ian Duncan Burnett, who had granted Ford's judicial review against the FSA, ordered the regulator to destroy the emails, however...
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