Vertem Futurity

Vertem Asset Management, the company that sponsors the G1 Futurity Trophy at Doncaster, has been ordered to immediately cease carrying on all regulated activities by the Financial Conduct Authority (FCA). A 48-year-old man was arrested and questioned under caution in connection with the move the authority took "following serious regulatory and operational issues coming to light". Vertem, which trades under WealthTek LLP, was founded in 2010 by prominent racehorse owner John Dance, whose colours were carried by a number of high-profile horses, including multiple Group 1 winner Laurens (Fr) and...