The Swedish Financial Supervisory Authority has initiated an investigation regarding Nordnet’s internal governance in relation to EU’s regulation on short-selling
The Swedish Financial Supervisory Authority (SFSA) has decided to initiate an investigation against Nordnet Bank AB regarding internal governance and control in relation to EU’s short-selling regulation. The background to the investigation is the short-selling transactions carried out by customers of Nordnet in Moment Group AB in February 2021.Due to the short-selling transactions in Moment Group, the SFSA wants to investigate Nordnet's internal routines and processes for short-selling. The investigation will begin with the collection of information, followed by a meeting between the SFSA