The Swedish Financial Supervisory Authority (Finansinspektionen) announced on Wednesday that it imposed a $9.6 million (100 million Swedish Kronor) fine on Nasdaq Stockholm for regulatory violations.
The watchdog alleged that the exchange failed to address major corporate events in 2021 and 2022 and "initiated trading in financial instruments in violation of the regulatory framework."
"Investigations show that, in conjunction with ... four company events, there have been deficiencies in how Nasdaq Stockholm has conducted its trading monitoring, which should prevent, identify and report insider dealing," Director General of the Swedish Financial Supervisory Authority Daniel Barr said.
