It is broadly acknowledged that the mopping up of the affairs of W&R Morrogh stockbrokers after the collapse of the firm was – and still is – an unmitigated disaster.
A receivership, set up to oversee the dissolution of a tiny, family-run firm of stockbrokers, has been allowed to rack up costs of more than €5.6 million, which the firm's clients are expected to pay from what is left of their investments.
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