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Central Bank hits Goodbody with €1.2m fine

Regulator found that the stockbroker failed to put in place effective systems to detect market abuse over a five year period

Goodbody has admitted to failing to comply with market abuse regulations

Goodbody Stockbrokers has been fined more than €1 million euro by the Central Bank of Ireland for failing to comply with market abuse regulations.

It comes after a Central Bank investigation into the broker, which found that Goodbody “failed to put in place an effective trade surveillance framework to monitor, detect and report suspicious orders and transactions in relation to market abuse in the period July 2016 to January 2022”, some five and a half ...