Interbroker Dealer Banned by FSA
February 9, 2011
Daniel Hassell, a senior interdealer broker at Vantage Capital Markets, was barred from working in regulated financial services by the FSA for acting in a significant influence role without its approval. Although Hassell was not a capital partner of the company, he generated around half of its revenue and received one third of the firm's profits, despite two applications for FSA authorisation of his role previously being rejected. The company had already been fined £700,000 in June 2010 in relation to Hassell's employment.