On 10 April 2025, NORFSA published decision re short sale fine NOK 3,5 mn.
- NORFSA issued dec imposing a NOK 3,5 mn fine on Algorithmic Trading Group (ATG).
Main Points
- Fine re ATG's sale of shares in 2024 in EAM Solar AS, listed at Euronext Expand.
- NORFSA found violations of Reg 236/2012 on short selling, credit default swaps.
- NORFSA presented its findings and conclusions on the suspicious trading, in order to prove the uncovered short selling, violations of reporting obligations, fine's calculation.
