Davy transactions not subject to ‘adequate’ review, Alvarez & Marshal finds
The firm retained by Davy to conduct an internal review after the stockbroker was fined by the Central Bank said some dealings which had a high risk of conflict of interest should have been scrutinised more closely
Certain transactions at Davy were not subject to adequate review despite having a high risk of conflict of interest, an internal review of the stockbroker’s transactions has found.
Alvarez & Marshal (A&M), the professional services firm, was retained by Davy to conduct an independent review of its transactions after the stockbroker was fined more than €4 million by the Central Bank of Ireland in March 2021. It looked into staff dealing and transactions between October ...