Tue | Oct 24, 2017

Court of Appeal denies JSE regulator injunction

Published:Friday | July 21, 2017 | 4:49 PM

The Court of Appeal has upheld a lower court’s refusal to grant an injunction barring the Jamaica Stock Exchange Limited (JSE) from convening a disciplinary hearing against its chief regulatory officer, Wentworth Graham, pending the outcome of proceedings at the Industrial Disputes Tribunal (IDT) over his alleged suspension.

Graham was suspended in January this year.

On April 24, he filed a claim in the Supreme Court seeking a declaration safeguarding his job and an injunction restraining the JSE from holding disciplinary hearings pending the outcome of the IDT review, but that was refused.

The Court of Appeal handed down its decision in the matter today.

The Gleaner understands that given the Court of Appeal ruling, the Stock Exchange is now at liberty to conduct the disciplinary hearing.

- business@gleanerjm.com