Sweden’s Financial Supervisory Authority Fines Nasdaq Stockholm

On Wednesday, Sweden’s financial supervisory authority announced that it had fined Nasdaq Stockholm 100 million Swedish crowns ($9.59 million) for failing to comply with bourse regulations on multiple occasions in recent years.

Deficiencies in Trading Monitoring:

The regulator’s statement highlighted several deficiencies in Nasdaq Stockholm’s trading monitoring processes.

Specifically, the investigations revealed issues related to four separate company events where the bourse failed to adequately prevent, identify, and report insider dealing.

Violations of Regulatory Framework:

In addition to the trading monitoring issues, the investigation uncovered that Nasdaq Stockholm had initiated trading in financial instruments twice in violation of the existing regulatory framework.

These violations contributed to the significant penalty imposed by the financial supervisory authority.