Too early to say if Goodbody brokers will face sanctions

EXPERTS yesterday said it was too early to say what sanctions, if any, face AIB and Goodbody following Mr McErlean claims that he raised with the Financial Regulator the fact that Goodbody had arranged for all of its purchases of AIB shares for clients to go through what he believed was an illegal process.

“It is too early to know what exactly went on here. We need more information and AIB need to explain what happened,” said one source.

Goodbody is the stockbroking arm of AIB.