Former City worker banned for acting without FSA approval

Daniel Hassell performed a controlled function at Vantage Capital Markets for four years despite knowing the FSA was not satisfied he was a fit and proper person. Although he was not a capital partner in the firm, the FSA says he exercised a "significant influence" over Vantage, receiving approximately one third of the firm's profits and often being presented as one of the owners. At the time of its authorisation, Vantage had applied for Hassell to be an approved person as partner of Vantage, although once it became aware he was the subject of an FSA investigation, it withdrew the app...