Thursday July 9, 2020

High Court success for Davy hurts Ombudsman

Financial Services Ombudsman Joe Meade found himself at the wrong end of an unflattering High Court judicial review last week.

2nd August, 2008

Financial Services Ombudsman Joe Meade found himself at the wrong end of an unflattering High Court judicial review last week.

But while Davy Stockbrokers was successful in quashing his decision to order it to pay more than €500,000 in compensation to Enfield Credit Union, following a complaint from the credit union that Davy had mis-sold a series of complex investment bonds, it was the court’s finding that Meade had made mistakes in his handling of...

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