Third of Morrogh clients still await compensation

A third of the clients of failed Cork stockbrokers W&R Morrogh, which collapsed in 2001, have not yet received the compensation they are entitled to.

18th February, 2006

A third of the clients of failed Cork stockbrokers W&R Morrogh, which collapsed in 2001, have not yet received the compensation they are entitled to.

Under the investor compensation scheme, which is run by the ICCL, eligible investors are entitled to 90 per cent of their money back or €20,000 - whichever is lower - if the firm they invested in goes out of business and cannot return their client’s investments or money.

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