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The Disciplinary Committee at OMX Nordic Exchange Stockholm takes no action against Ericsson

Telefonaktiebolaget L M Ericsson specified earlier disclosed information at an analyst meeting on November 20, 2007 about expected sales without disclosing the specification according to prescribed protocols. The Disciplinary Committee found that this was inappropriate but it would have been excessive to classify this as a contravention of the listing agreement.Pursuant to OMX Nordic Exchange Stockholm’s listing agreement, information that is expected to affect the valuation of the company’s listed securities to a non-immaterial degree may not, except in specific cases, be disclosed in any

OMX Nordic Exchange Stockholm issues warnings to the First North companies Bringwell AB and PV Enterprise Sweden AB

OMX Nordic Exchange has today decided to issue warnings to Bringwell AB and to PV Enterprise Sweden AB. Both companies are listed on the exchange’s alternative market First North and both companies have violated the First North rules. In regards to Bringwell, the CEO had disclosed price sensitive information in an interview before the information had been made public. PV Enterprise made one of their quarterly reports available on their web page before the report had been made public.According to the rules applicable for First North companies all price sensitive information shall be

The Disciplinary Committee fines Kaupthing Bank Sweden

Kaupthing Bank Sweden has contravened OMX Nordic Exchange’s and Finansinspektionen’s rules by reporting 15 trades to the Exchange for which contract notes and other documentation where missing. The prices at which the trades have been reported have also, on a number of occasions, diverted from the prices at which trading in general has taken place, this lead to the suspicion that the reporting has been done with an unduly objective. OMX Nordic Exchange in Stockholm’s Disciplinary Committee has decided that Kaupthing must pay a fine of SEK 200,000.Kaupthing Bank Sweden AB is a member of OMX

OMX Nordic Exchange Stockholm will not take any actions against Racon Holding AB

On June 12th, 2007, four institutional investors filed a complaint to the Nordic Exchange about Racon Holding AB had contravened with the exchange’s takeover rules in connection to the public bid to acquire Invik & Co AB. After having investigated the matter, the exchange have found no reason to take any measures against Racon Holding AB.Parties that have the intention to make a public offer on a listed company on the OMX Nordic Exchange Stockholm (the Exchange) are by law required to make a formal undertaking with the Exchange to comply with the Exchange’s rules on public takeover bids on

Stockholm Stock Exchange’s Disciplinary Committee fines Timber Hill and J P Morgan

Timber Hill has contravened the Stockholm Stock Exchange’s rules by placing automatically routed sell and buy orders on several occasions that deviated from the current market value of the securities concerned. On a number of occasions, a broker at J P Morgan placed buy and sell orders on the company’s own account in a manner that resulted in several automatically matched transactions, whereby J P Morgan conducted business with itself. Accordingly, the Stockholm Stock Exchange’s Disciplinary Committee has ruled that Timber Hill and J P Morgan must each pay a fine of SEK 200,000. The broker at

Stockholm Stock Exchange’s Disciplinary Committee fines Svenska Handelsbanken

Handelsbanken has been found to have contravened the Stockholm Stock Exchange’s listing agreement by not handling price-sensitive information correctly. The Stockholm Stock Exchange’s Disciplinary Committee has ordered Handelsbanken to pay a fine of SEK 3 million.According to the Stockholm Stock Exchange’s listing agreement, an interim report must be made public by submitting the report to at least two established news agencies and at least three national daily newspapers. The interim report must then be made available on the company’s website as soon as possible. It is the obligation of

Stockholm Stock Exchange’s Disciplinary Committee fines Erik Penser Fondkommission

Erik Penser Fondkommission (EPF) has contravened the Stockholm Stock Exchange’s rules by buying and selling AstraZeneca shares on its own account in a manner that resulted in EPF conducting business with itself. In a large number of cases, this practice also influenced the price of the shares. Accordingly, the Stockholm Stock Exchange’s Disciplinary Committee has ruled that EPF must pay a fine of SEK 300,000.EPF is a member of the Stockholm Stock Exchange. According to the Stockholm Stock Exchange’s rules for Exchange members, members must place orders in the trading system in such a manner

Stockholm Stock Exchange warns FlyMe

FlyMe Europe AB handled its information-disclosure activities in a manner that contravened First North’s rules when the company announced a business transaction in such a way that it seemed to be signed and sealed, despite this not being the case. Accordingly, the Stockholm Stock Exchange has decided to warn the company.FlyMe Europe AB’s (FlyMe’s) shares are traded on First North, the Stockholm Stock Exchange’s alternative marketplace. According to First North’s regulations, information disclosed by a company must be correct, relevant and reliable, and no information may be omitted that

Stockholm Stock Exchange’s Disciplinary Committee fines Danske Bank

Danske Bank A/S has contravened the rules of the Stockholm Stock Exchange by placing orders on behalf of its customers at prices considerably deviating from the current market value. In one case, the bank acquired shares on its own behalf at this lower price which the bank had entered into the trading system. Stockholm Stock Exchange’s Disciplinary Committee has therefore decided to fine Danske Bank SEK 200,000 and has issued a warning to a broker at Danske Bank. Danske Bank is a member of the Stockholm Stock Exchange. Exchange members must comply with the Norex Member Rules, NMR. According

Stockholm Stock Exchange’s Disciplinary Committee fines Wise Group (formerly Sign On)

Wise Group AB, formerly Sign On i Stockholm AB, has breached the company’s listing agreement with the Stockholm Stock Exchange by not providing sufficient information in a press release. The Stockholm Stock Exchange’s Disciplinary Committee has decided to fine Wise Group SEK 384,000.According to the Stockholm Stock Exchange’s listing agreement, information provided by a listed company must be correct, relevant and reliable. In a press release dated June 9, 2004, Sign On informed the market of an agreement it had reached concerning the acquisition of Svea Ekonomi. This information had a

Stockholm Stock Exchange’s Disciplinary Committee fines Wedins

Wedins Skor & Accessoarer AB has breached the company’s listing agreement with the Stockholm Stock Exchange by not providing information about an extraordinary general meeting in time and by not handling price-sensitive information in the correct manner. The Stockholm Stock Exchange’s Disciplinary Committee has decided to fine Wedins SEK 576,000.According to the Stockholm Stock Exchange’s listing agreement, a listed company must immediately disclose when the Board of Directors makes a decision to convene an extraordinary general meeting. At a meeting of the Board of Directors of Wedins,

Stockholm Stock Exchange’s Disciplinary Committee issues warning to Goldman Sachs

Goldman Sachs International in London has contravened the rules that state that any party who acquires or transfers shares in an exchange-listed company so that the holding passes an even five-percent limit must disclose the change no later than the following trading day. Accordingly, the Stockholm Stock Exchange’s Disciplinary Committee has decided to issue a warning to the company.Goldman Sachs International is a member of the Stockholm Stock Exchange. Exchange members must comply with the rules issued by the Swedish Industry and Commerce Stock Exchange Committee (NBK) concerning the

Stockholm Stock Exchange’s Disciplinary Committee fines two listed companies and one member company

Fastighets AB Balder (under its former name of Enlight AB) and NOTE AB have been fined for breaches of the companies’ listing agreement with the Stockholm Stock Exchange. Balder failed to correctly disclose a forecast adjustment and NOTE issued price-sensitive information at a meeting with analysts. Fischer Partners Fondkommission AB has been fined for breaching the rules pertaining to the placement of orders by member companies.Balder/Enlight According to the regulations contained in the listing agreement between the Exchange and the listed companies, an adjustment of a previously

Stockholm Stock Exchange’s Disciplinary Committee warns Citigroup

Citigroup Global Markets Limited, London, has breached the rules that state that a party who acquires 5 percent or more of the shares in a company must disclose the acquisition. The company acquired more than 5 percent of the shares in Lindex AB without openly disclosing the acquisitions. Accordingly, Stockholm Stock Exchange’s Disciplinary Committee has decided to warn the company.Citigroup is a member of Stockholm Stock Exchange. Exchange Members must abide by the Swedish Industry and Commerce Stock Exchange Committee’s disclosure rules, which require disclosure of the acquisition and

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