Direct Market Touch

Under investigation 02 October 2019

FRN: 490521

You might be eligible for compensation

Direct Market Touch (DMT) offered stockbroking/trading opportunities to investors, concentrating in the Plus/ISDX/Nex Exchange markets.

Customers have made various allegations against this firm.  They centre on its operating methods and include:

  • anomalies in trading and reporting,
  • concerns on the suitability of risk profiling.

Also, the firm appears to have placed a high concentration of transactions into a small number of companies with the same directors. This has raised potential concerns around conflicts of interest.

  • 08 Nov, 2019

    FSCS is currently accepting claims against DMT, although these haven't yet been passed to the claims teams for assessment. Firstly, we need to establish whether there are valid claims against DMT. For this to happen we need to know that DMT owes a civil liability to customers that would enable the firm to be sued in court.

    FSCS has been working with Hallbrook Partners Ltd (who represent a large number of customers), and other external bodies. They will help us get relevant documents that will help us reach a view on whether there are valid claims against DMT.