The Stockholm Stock Exchange paid 100 million in fines without protest

Published 9 September 2024 at 14.07

Economy. After the summer's attention-grabbing insider scandal, the Stockholm Stock Exchange refrained from appealing FI's fine and instead kindly transferred the requested SEK 100 million to the authority's account, writes Dagens Industri.

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Nasdaq, which runs the Stockholm Stock Exchange, however, believes that it has done nothing wrong.

According to FI, the stock exchange operator broke the rules when it did not react to suspected insider trading before a series of major company events, including linked to ICA.

— We maintain our position that these transactions did not meet the requirements for suspected insider trading at any given time, said Elisabeth Salmgren von Schantz, head of Nasdaq's European monitoring function, shortly after FI's announcement.< /p>

The strangely well-timed purchases turned out to be linked to a person in the stock exchange's own trading supervision, who is now suspected of crime.