The disciplinary committee of the OMX Nordic Exchange fines Kaupthing Bank Sweden (18/07)

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.