Update 25 June 2012
The Central Bank notes that the High Court today appointed Kieran Wallace as Official Liquidator and, as required under Section 33A the Investor Compensation Act, 1998, Administrator to Bloxham stockbrokers
Statement 28 May 2012
Following a definite line of enquiry by the Central Bank, the management of Bloxham informed the Central Bank of financial irregularities at the firm after the market close, last Thursday.
At 5pm last Friday, the Central Bank imposed directions on Bloxham to cease all regulated activities, with immediate effect.
Early this morning, Bloxham agreed to transfer all private client and fund management business to Davy.
All former private clients of Bloxham are now clients of Davy (with the exception of a less than 1% who have elected to make other arrangements). These private clients should contact Davy on (01) 6119200 should they have any queries or wish to transact business.
The Central Bank will continue its own investigation into the financial irregularities at Bloxham.