Davy forced to inform credit unions of adverse findings
Davy stockbrokers failed to disclose to credit union clients that it was a principal in both the purchase and sale of a bond, a review by the Irish Stock Exchange (ISE) has found.
Davy stockbrokers failed to disclose to credit union clients that it was a principal in both the purchase and sale of a bond, a review by the Irish Stock Exchange (ISE) has found.
The report was never published, but the financial regulator forced Davy to inform credit unions of adverse findings against the firm. The broker disputes the findings but has communicated them, on request from the regulator.
Davy last week told certain credit unions...
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