Bloxham’s ISE membership revoked

The now defunct Bloxham Stockbrokers’ membership of the Irish Stock Exchange has been revoked, which means it could miss out on a lucrative payout when the ISE is demutualised.

Bloxham went into liquidation on Jun 25 when it emerged that the regulatory capital had been overstated by €5m over a number of years.

The Irish Stock Exchange said it had revoked Bloxham’s membership of the exchange pursuant to Rule 2.15 of the Rules of the ISE, which states: “If a member firm has ceased to carry on business on the ISE for a period of six months or more, its membership may be revoked by the ISE, by notice in writing to such member firm.”