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€1.2m fine from Central Bank of Ireland provides lessons on how not to run a surveillance framework

General view of the headquarters entrance of the Central bank of Ireland
Photo: Getty Images

Irish stockbroking firm Goodbody fined for breaching MAR obligations.

Goodbody failed to put in place an effective trade surveillance framework to monitor, detect and report suspicious orders and transactions in relation to market abuse from July 2016 to January 2022, CBI said.

The Central Bank of Ireland fined Goodbody Stockbrokers Unlimited Company €1.2m ($1.3m) pursuant to the Market Abuse Regulations (596/2014/EU