Nordnet comments the decision from the Swedish Financial Supervisory Authority to issue a remark and an administrative fine of 100 million SEK
The Swedish Financial Supervisory Authority (SFSA) has decided to issue Nordnet a remark, which is a lower degree of an administrative sanction that is issued when a breach has not been deemed serious, and an administrative fine of 100 million SEK. The background to the decision is the investigation that the SFSA initiated in March 2021, regarding internal governance and control in relation to EU’s short-selling regulation.As a consequence of the short-selling transactions carried out by customers of Nordnet in Moment Group AB on 19 February 2021, the SFSA notified Nordnet of an