'It's a stitch-up': Keydata finance director speaks out on FCA fine and ban

Craig McNeil "failed to act with due skill, care and diligence", the FCA said, and did not understand the risks involved in actions he was taking with investors' money that helped lead the investment to fail. Keydata, which designed and sold investment products to retail investors via financial advisers, collapsed in 2009, leading to thousands of mis-selling claims against advisers who sold the investment as "low risk". But speaking out against the FCA's enforcement action, revealed on 22 August, McNeil said the regulator tricked him into reaching a settlement deal that reduced his fi...