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.

A Central Bank probe that uncovered an overstating of earnings and insufficient capital reserves at Bloxham Stockbrokers has brought 150 years of financial trading to an end at Ireland’s oldest securities firm.

VARIOUS partners in Bloxham stockbrokers are facing court claims for almost €10 million arising from allegedly negligent advice to invest in a bond that later fell by more than 97% in value.

THE main insurance body for solicitors in Ireland has claimed its ability effectively to indemnify solicitors has been affected by more than €8 million losses allegedly resulting from negligent advice by Bloxham Stockbrokers about investing in atotally unsuitable bond which fell 97% in value.