Swedish FSA opens sanction case against Nordnet
16/12/2021 12:51
STOCKHOLM, Dec 16 (Reuters) - Sweden's financial watchdog
will open a sanction case regarding Nordnet's SAVE.ST internal
governance in relation to the EU's regulation on short-selling,
the broker said on Thursday.
Nordnet said the background to the case was short-selling
transactions carried out by customers of Nordnet in Moment Group
AB MOMENT.ST in February.
"A sanction case means that the SFSA consider that there are
sufficient grounds for assessing whether the observations made
in the investigation should lead to a sanction, or if the
investigation should be closed in any other way," it said in a
statement.
(Reporting by Helena Soderpalm, editing by Anna Ringstrom)
((helena.soderpalm@thomsonreuters.com; +46 8 700 10 15; Reuters
Messaging: helena.soderpalm.reuters.com@reuters.net))