Nordnet SEK 100 million short-selling sanction
Company: Nordnet AB
Summary
Finansinspektionen found that Nordnet had breached EU short-selling rules by allowing customers to submit short-sale orders without meeting the required locate conditions and that the bank continued offering the service despite known deficiencies. FI issued a warning and imposed an administrative fine of SEK 100 million in 2022. Source: https://www.finansinspektionen.se/contentassets/1a864574f235480d867efc75d8e293db/nordnet-decision-21-8336-summary.pdf