Goodbody Stockbrokers under investigation for alleged market-abuse systems failings

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Goodbody Stockbrokers is subject to a Central Bank of Ireland enforcement investigation into alleged regulatory breaches

Separately, the report shows that Goodbody made €2.68 million in so-called “other payments” to directors last year, lifting total directors’ remuneration to €4.68 million, at a time when the firm was taken over by AIB.The need is well above the government's policy targets and we're obsessed with married people who are just about to have children, according to the author of he latest Daft.ie report, economist Ronan Lyons.

The payments are in addition to the €10.6 million that Mr Barrett received from AIB for his 7.7 per cent stake in the stockbroking firm, which he had led for 25 years. Mr O’Kelly received €4.5 million for his shares. Goodbody recorded a €3.18 million pretax profit last year, down from €5.51 million for 2020, according to the accounts. Earnings were driven in both years mainly by trading income from the firm’s own investments in securities.

 

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