Firm’s directors could be liable for millions

The directors of Bloxham Stockbrokers could be liable for millions of euro in losses if the Central Bank probe uncovers any further financial irregularities at the company.

Firm’s directors could be liable for millions

The move by the Central Bank to protect the account holders instead of the firm has wiped out the value of the equity stakes held by the partners in Bloxham.

The Central Bank could have asked the directors to put more capital into the company so it would meet the minimum capital requirement of €5.8m for a regulated firm of its size.

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