Vantage Capital Markets LLP

Activities and protection

What they can do, and how you are protected

• Give regulated advice FSCS may apply
  A claim for unsuitable advice is itself FSCS-protected, up to the limit that applies to the product you were advised on.
• Manage or trade investments FSCS may apply
  Eligible investment and pension claims are typically FSCS-protected up to £85,000 per person, depending on the product and your circumstances.

  Check your FSCS cover →

Complaints: You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

Track record

Action taken against them

1 fine in 2010, £700,000 in total. This is part of the official register record and is worth reviewing before going ahead.

• Fined £700,000 on 17 June 2010

  On 17 June 2010, the FSA imposed a financial penalty on Vantage Capital Markets LLP (VCM) of £700,000 (discounted from £1 million for early settlement) for contravening section 59 of the Financial Services and Markets Act 2000 and breaching Principle 3 of the FSA's Principles for Businesses from 29 July 2005 to 31 December 2009. VCM contravened section 59 and breached Principle 3 by failing to: (1) take reasonable care to ensure that an individual did not perform a controlled function, even though VCM was aware that the FSA was not satisfied that the individual was a fit and proper person to perform the Partner Function; and (2) take reasonable care to organise and control its affairs responsibly and effectively with adequate risk management systems to ensure that it had robust controls to limit the scope of an individual's influence and role.

Common questions

Frequently asked questions