How Can Anyone Trust Davy Stockbrokers Anymore?
8 March 2021 - 16 minsDavy Stockbrokers has been suspended as a primary dealer in Irish government debt as the fallout from a bond-deal scandal continues.
Last week the Central Bank fined Davy €4.13 million in relation to a transaction in November 2014 involving 16 of the broker's own staff.
The fine was the biggest of its kind ever levied on a broker in Ireland.
It was announced yesterday that CEO Brian McKiernan, non-executive Director Kyran McLaughlin and Head of Bonds Barry Nangle had resigned from their positions.
Former Minister and stockbroker Shane Ross joined us to discuss this.
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