Google W&R Morrogh, Stockbrokers, Cork. In 2006 they "went into receivership with a total loss of an estimated €7,000,000." Also see http://www.askaboutmoney.com/thread...f-my-losses-in-morroughs.188451/#post-1395366
Maybe the share certificate route is more secure?
I think the original poster suggested two brokers in case of a broker going bust or a fraud.Do you think it's worth having your investments spread out across 2 brokers in order to mitigate risk of a broker going bust/fraud?
I was on the same way of thinking until a friend had stocks tied up for a few years and share prices plummeted (even today he'll make a paper loss). Meanwhile he still has a €5,000 loss.Also, €7m is a pittance in the context of a larger institution.
Can you explain why?Share certs are dangerous
Because share certs can be lost or destroyed.