Nasdaq’s Sweden Bourse Fined by Watchdog for Insider Trade Flaws
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Nasdaq Inc’s stock exchange in Sweden has been fined 100 million Swedish kronor ($9.6 million) by the country’s financial watchdog over deficiencies in how the bourse keeps track of insider dealing violations.
The investigation carried out by the Financial Services Authority showed flaws in how Nasdaq Stockholm conducted its trade monitoring in connection with “four major company events” in 2021 and 2022. That monitoring “should prevent, identify and report insider dealing,” the regulator said in a statement on Wednesday.