Lies and secret fees: Why is the FCA trying to fine Stewart Ford £75m?
HSBC has vowed to fight a $250m (£151m) lawsuit brought against it over its alleged involvement in the Keydata scandal.
The first significant lawsuit from the Keydata scandal has been issued against US-based brokerage CRT Capital, according to the Financial Times.
The Financial Conduct Authority (FCA) has banned a former adviser to SLS Capital - the company whose bonds underpinned the failed Keydata investments - for giving the misleading impression that the SLS bonds were soundly backed assets.
The Financial Services Compensation Scheme (FSCS) has pledged to continue pursuing advisers it alleges mis-sold Keydata products.
The European Life Settlement Association (ELSA) has blamed the "sensationally negative" FSA for damaging the traded life policy sector (TLPI) sector.
An independent adviser has been told he will not have to compensate a client he recommended invest in a Keydata product, even though an ombudsman ruled he had given unsuitable advice.
An action group representing hundreds of Keydata investors has called on the Financial Services Compensation Scheme (FSCS) to back its litigation against the multi-national firms which acted on the SLS Capital and Life Settlement Capital Bond Schemes....