UPDATE 1-British regulator fines 'death bonds' boss $116 million

May 26, 2015 10:36 AM

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LONDON May 26 (Reuters) - Britain's financial regulator has fined Stewart Ford, former chief executive of Keydata Investment Services, a firm which sold so-called "death bonds", 75 million pounds ($116 million), the biggest penalty it has ever handed out to an individual.

The Financial Conduct Authority (FCA) also handed fines of 4 million pounds and 200,000 pounds respectively to Mark Owen, former sales director at Keydata, and Peter Johnson, its former compliance officer.

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