Paschal Donohoe: Davy should make public statement on €4.1m fine
Fine is largest handed out to an Irish stockbroker but no personal sanctions imposed
Finance Minister Paschal Donohoe. Picture: Brian Lawless/PA Wire
Wed, 03 Mar, 2021 - 10:03
Paul Hosford, Political Correspondent
Finance Minister Paschal Donohoe has said Davy Stockbrokers should make a public statement on the circumstances around the record-breaking fine it was hit with on Tuesday.
The Central Bank imposed a €4.1m fine — the largest ever handed out to an Irish stockbroker — after Davy failed to supervise a group of 16 of its own employees in their personal account dealings in the sale of Anglo Irish bonds for a client of the firm in late 2014.