Ken Rosewall owned now defunct stockbroking firm BBY with his son, Glenn Rosewall. Photo: Jesse Marlow
Liquidator KPMG’s report into BBY has unmasked the scale of compliance shortcomings and dubious practices at the failed stockbroking firm, noting that the firm’s investment in Firestone Energy was pivotal in denting its financial position and contributing to its demise.
BBY collapsed spectacularly in May after failing to repay loans to St George Bank and being forced by the ASX to close down its exchange traded options book. That followed several earlier run ins with the corporate regulator and ASX over th…
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