Lengthy review into Davy continues as more clients drift away
CRH has followed Kerry Co-op in distancing itself from the broker, following the record €4.1 million Central Bank fine for breaches of market rules
The “forensic analysis” of Davy’s staff trading, commissioned by the firm in the wake of the Central Bank fine is still ongoing, four months after it began.
Alvarez & Marsal, a global professional services and management consultancy, was initially hired in mid-March to conduct a review of all staff trading between 2014 and 2021. The external team was also given the freedom to investigate previous trades if it found areas of concern.
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