Circumstances surrounding the sudden departure of Paul Compton as chief executive of wealth manager and stockbroker WH Ireland (WHI) are beginning to emerge, although the company and the Financial Services Authority (FSA) are choosing to remain tight-lipped about the affair. There have been suggestions that Mr Compton clashed with fellow directors over his personal share transactions, and while there is no suggestion of any specific wrongdoing by Mr Compton, the FSA is said to be taking a look at the so-called transaction reports supplied by WH Ireland. Nor are there any suggestions of wrong-doing against Barrie Tyler, who runs the company's Cardiff office, but the company refused to comment on allegations that he has been suspended, saying only that he is on holiday until after Christmas.
To continue reading, register today
to enjoy limited access to the following:
- Daily trading news
- Funds coverage
- Features on big investment themes
- Comprehensive companies coverage
- Economic analysis