Saturday April 4, 2020

Music entrepreneur Paddy Dunning's online trading firm fined €105,000

Firm 'forgot' it had been rapped before over 'regulatory failings'

Barry J Whyte

Chief Feature Writer

@whytebarry
9th December, 2015
4
Paddy Dunning (right) with former finance minister Charlie McCreevy (left) at the launch of Octagon Online in 2001 Pic: Rollingsnews.ie

An online investment firm owned by businessman Paddy Dunning and the taxpayer through IBRC has been fined €105,000 and sternly told-off by the Central Bank.

Dunning, who is famous for bringing Michael Jackson to Westmeath where is Grouse Lodge studio is based, is one of the main shareholders in Octagon Online Investments, which provides an online platform for share traders to deal in American investment securities. Octagon earns commission on each trade placed by its...

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