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    Nasdaq Stockholm

    Decisions & Sanctions

    2024

    2024:01 Anoto Group AB

    The Disciplinary Committee of Nasdaq Stockholm has found that Anoto Group AB has breached the rules of Nasdaq Stockholm and therefore ordered the company to pay a fine of four annual fees.

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    1994-2023

    Decisions & Sanctions Archive

    2022:01 LSTH Svenska Handelsfastigheter AB

    The Disciplinary Committee of Nasdaq Stockholm AB has found that LSTH Svenska Handelsfastigheter AB has breached Nasdaq Stockholm's Rule Book for Issuers of Fixed Income Instruments and therefore ordered the Company to pay a fine of SEK 1,500,000.

    2022:02 Divio Technologies AB

    The Disciplinary Committee of Nasdaq Stockholm AB has found that Divio Technologies AB has breached the rules of Nasdaq First North Growth Market and therefore ordered the Company to pay a fine of three annual fees.

    2022:03 Newton Nordic AB

    The Disciplinary Committee of Nasdaq Stockholm AB has found that Newton Nordic AB (the "Company") has breached the Nasdaq First North Growth Market Rulebook and therefore decided that the Company's shares shall be delisted from Nasdaq First North Growth Market. 

    2022:04 Precomp Solutions Aktiebolag (publ)

    The Disciplinary Committee of Nasdaq Stockholm has found that Precomp Solutions Aktiebolag (publ) has breached the rules of Nasdaq First North Growth Market and therefore ordered the Company to pay a fine of five annual fees.


    2022:05 Telia Company AB

    The Disciplinary Committee of Nasdaq Stockholm has found that Telia Company AB has breached the rules of Nasdaq Stockholm and therefore ordered the company to pay a fine of two annual fees.

    2022:06 SAS AB

    The Disciplinary Committee of Nasdaq Stockholm has found that SAS AB has breached the rules of Nasdaq Stockholm and therefore ordered the company to pay a fine of three annual fees.

    2022:07 Euroafrica Digital Ventures AB

    The Disciplinary Committee of Nasdaq Stockholm has found that Euroafrica Digital Ventures AB has breached the Nasdaq First North Growth Market Rulebook and therefore ordered the company to pay a fine of five annual fees.

    2022:08 Brighter AB

    The Disciplinary Committee of Nasdaq Stockholm has found that Brighter AB has breached Nasdaq First North Growth Market Rulebook and therefore ordered the company to pay a fine of eight annual fees.

    2022:09 Trelleborg AB

    The Disciplinary Committee of Nasdaq Stockholm has found that Trelleborg AB has breached the rules of Nasdaq Stockholm and therefore ordered the company to pay a fine of four annual fees.

    2022:10 Hedera Group AB (publ)

    The Disciplinary Committee of Nasdaq Stockholm has found that Hedera Group AB (publ) has breached the rules of Nasdaq First North Growth Market and therefore ordered the company to pay a fine of four annual fees.

    2020:1 Bayn Europe AB

    The Disciplinary Committee of Nasdaq Stockholm has found that Bayn Europe AB (the “Company”) has breached the Nasdaq First North Growth Market Rulebook (the “Rulebook”) and has therefore ordered the Company to pay a fine of four annual fees, corresponding to an amount of SEK 400,000. 

    2020:2 Endomines AB

    The Disciplinary Committee of Nasdaq Stockholm has found that Endomines AB (publ) ("Endomines" or the “Company”) has breached the Nasdaq Stockholm Rulebook for Issuers (the “Rulebook”) and has therefore ordered the Company to pay a fine of two annual fees, corresponding to an amount of SEK 410,000. 

    2020:3 Saab AB

    The Disciplinary Committee at Nasdaq Stockholm has tried whether Saab AB (“Saab” or “the Company”) in two different cases has acted in breach of the Nasdaq Stockholm Rulebook for Issuers (“the Rulebook”). In Decision 2020:03, the Disciplinary Committee finds that Saab has acted in breach of the Rulebook, and has therefore ordered the Company to pay a fine of four annual fees, corresponding to an amount of SEK 7,767,039.00.

    2020:4 Saab AB

    The Disciplinary Committee at Nasdaq Stockholm has tried whether Saab AB (“Saab” or “the Company”) in two different cases has acted in breach of the Nasdaq Stockholm Rulebook for Issuers (“the Rulebook”). In Decision 2020:04, the Disciplinary Committee finds that Saab did not act in breach of the Rulebook.

    2020:5 Cell Impact AB

    The Disciplinary Committee of Nasdaq Stockholm has found that Cell Impact AB (“Cell Impact” or “the Company”) has not breached Nasdaq First North Growth Market Rulebook(“the Rule Book”) and has therefore not imposed a sanction on the Company.

    2020:6 Hitech & Development Wireless Sweden Holding AB

    The Disciplinary Committee of Nasdaq Stockholm has found that Hitech & Development Wireless Sweden Holding AB (publ) (“HDW” or the “Company”) has breached the Nasdaq First North Growth Market Rulebook (the “Rulebook”) and has therefore ordered the Company to pay a fine of eight annual fees, corresponding to an amount of SEK 800 000.

    2020:7 Italeaf S.p.A

    The Disciplinary Committee of Nasdaq Stockholm has found that Italeaf S.p.A. (“Italeaf” or the “Company”) repeatedly has breached the Nasdaq First North Growth Market Rulebook (the “Rulebook”) and has therefore decided that the Company’s shares (depository receipts) shall be delisted from Nasdaq First North Growth Market no later than September 30, 2020.

    2020:8 Northbaze Group AB

    The Disciplinary Committee of Nasdaq Stockholm has found that Northbaze Group AB (“Northbaze” or the “Company”) has breached the Nasdaq First North Growth Market Rulebook (the “Rulebook”) and has therefore ordered the Company to pay a fine of six annual fees, corresponding to an amount of SEK 600 000.

    2020:9 AVTECH Sweden AB

    The Disciplinary Committee of Nasdaq Stockholm has found that AVTECH Sweden AB has breached the Nasdaq First North Growth Market Rulebook and therefore ordered the company to pay a fine of four annual fees, corresponding to an amount of SEK 400,000.

    2020:10 Mavshack AB

    The Disciplinary Committee of Nasdaq Stockholm has found that Mavshack AB has breached the Nasdaq First North Growth Market Rulebook and therefore ordered the company to pay a fine of four annual fees, corresponding to an amount of SEK 400,000.

    2020:11 Mavshack AB

    The Disciplinary Committee of Nasdaq Stockholm has found that Mavshack AB has breached the Nasdaq First North Growth Market Rulebook and therefore ordered the company to pay a fine of two annual fees, corresponding to an amount of SEK 200,000.

    2020:12 Westpay AB

    The Disciplinary Committee of Nasdaq Stockholm has found that Westpay AB has breached the Nasdaq First North Growth Market Rulebook and therefore ordered the company to pay a fine of two annual fees, corresponding to an amount of SEK 200,000.

    2020:13 Oasmia Pharmaceutical AB

    The Disciplinary Committee of Nasdaq Stockholm has found that Oasmia Pharmaceutical AB has breached the rules of Nasdaq Stockholm and therefore ordered the company to pay a fine of fifteen annual fees, corresponding to an amount of SEK 3,075,000.

    2010:1 Morphic Technologies AB

    The Disciplinary Committee of NASDAQ OMX Stockholm AB (“the Exchange”) has ruled that the listed company Morphic Technologies AB (“Morphic”) breached the Exchange’s rules and regulations governing public information, the disclosure of information to the stock market and the Board of Directors and management. Accordingly, Morphic has been ordered to pay a fine of 1 920 000 Swedish kronor.
     

    2010:2 NovaCast Technologies AB

    The Disciplinary Committee of NASDAQ OMX Stockholm AB (“the Exchange”) has examined whether the listed company NovaCast Technologies AB (“NovaCast”) breached the Exchange’s rules and regulations governing public information and the disclosure of information to the stock market, in particular the rules regarding Correct and relevant information (3.1.2) and Timing of information (3.1.3). The Disciplinary Committee has ruled that the company has not breached the rules. The company does, however, not go free from criticism.
     

    2010:3 Borås Wäfveri AB

    The Disciplinary Committee of NASDAQ OMX Stockholm AB (“the Exchange”) has ruled that the listed company Borås Wäfveri AB (“Borås Wäfveri”) breached the Exchange’s rules and regulations governing disclosure of information to the stock market in relation to a modified audit report respectively a new issue of securities. Accordingly, Borås Wäfveri has been ordered to pay a fine of three annual fees, corresponding to 576 000 Swedish kronor.
     

    2010:4 HQ AB

    The Disciplinary Committee of NASDAQ OMX Stockholm AB (“the Exchange”) has ruled that the listed company HQ AB (“HQ”) on two occasions has breached the Exchange’s rules and regulations governing public information and the disclosure of information to the stock market. Accordingly, HQ has been ordered to pay a fine of three annual fees. In this specific case, the Disciplinary Committee has considered the fact that HQ has been de-listed and that the market value has substantially changed. Therefore, the Disciplinary Committee has ruled that each annual fee shall correspond to half of what the company paid per year, in total 288 000 Swedish kronor.
     

    2010:5 Diamyd Medical AB

    The Disciplinary Committee of NASDAQ OMX Stockholm AB (“the Exchange”) has ruled that the listed company Diamyd Medical AB (“Diamyd”) on four occasions has breached the Exchange’s rules and regulations governing public information and the disclosure of information to the stock market. Accordingly, Diamyd has been ordered to pay a fine of three annual fees, corresponding to 576 000 Swedish kronor.
     

    2010:6 Metro International S.A.

    The Disciplinary Committee of NASDAQ OMX Stockholm AB (“the Exchange”) has ruled that the listed company Metro International S.A. (“Metro”) on two occasions has breached the Exchange’s rules and regulations governing public information and the disclosure of information to the stock market. Accordingly, the Disciplinary Committee has ruled that Metro must pay a fine of 384 000 Swedish kronor, corresponding to two annual fees.

    2023:01 Photocat A/S

    The Disciplinary Committee of Nasdaq Stockholm has found that Photocat A/S has breached the Nasdaq First North Growth Market Rulebook and therefore ordered the company to pay a fine of six annual fees.

     

    2023:02 Bilia AB

    The Disciplinary Committee of Nasdaq Stockholm has found that Bilia AB (“the Company”) has not breached the rules of Nasdaq Stockholm (“the Rule Book”) and has therefore not imposed a sanction on the Company.

     

    2023:03 AegirBio AB

    The Disciplinary Committee of Nasdaq Stockholm has found that AegirBio AB has breached the Nasdaq First North Growth Market Rulebook and therefore ordered the company to pay a fine of eight annual fees.

     

    2023:04 Goodbye Kansas Group AB

    The Disciplinary Committee of Nasdaq Stockholm has found that Goodbye Kansas Group AB has breached the Nasdaq First North Growth Market Rulebook and therefore ordered the company to pay a fine of four annual fees.

     

    2023:05 Azelio AB

    The Disciplinary Committee of Nasdaq Stockholm has found that Azelio AB has breached the Nasdaq First North Growth Market Rulebook and therefore ordered the company to pay a fine of two annual fees.

     

    2023:06 ISR Immune System Regulation Holding AB (publ)

    The Disciplinary Committee of Nasdaq Stockholm AB has found that ISR Immune System Regulation Holding AB (publ) has breached the Nasdaq Fist North Growth Market Rulebook and therefore decided that the company’s shares shall be delisted from Nasdaq First North Growth Market.

     

    2023:07 Rizzo Group AB

    The Disciplinary Committee of Nasdaq Stockholm has found that Rizzo Group AB has breached the rules of Nasdaq Stockholm and therefore ordered the company to pay a fine of three annual fees.

     

    2023:08 Mips AB

    The Disciplinary Committee of Nasdaq Stockholm has found that Mips AB has breached the rules of Nasdaq Stockholm and therefore ordered the company to pay a fine of two annual fees.

     

    2023:09 Move About Group AB

    The Disciplinary Committee of Nasdaq Stockholm has found that Move About Group AB has breached the Nasdaq First North Growth Market Rulebook and therefore ordered the company to pay a fine of eight annual fees.

     

    2023:10 Mavshack AB (publ)

    The Disciplinary Committee of Nasdaq Stockholm has found that Mavshack AB (publ) has breached the Nasdaq First North Growth Market Rulebook and therefore ordered the company to pay a fine of ten annual fees.

     

    2023:11 New Nordic Healthbrands AB

    The Disciplinary Committee of Nasdaq Stockholm has found that New Nordic Healthbrands AB has breached the Nasdaq First North Growth Market Rulebook and therefore ordered the company to pay a fine of six annual fees.

    2021:01 Atari Inc.

    The Disciplinary Committee of Nasdaq Stockholm has found that Atari Inc. has breached the Nasdaq First North Growth Market Rulebook and therefore ordered the company to pay a fine of eight annual fees, corresponding to an amount of SEK 800 000.

    2021:02 Modern Times Group MTG AB

    The Disciplinary Committee of Nasdaq Stockholm has found that Modern Times Group MTG AB has breached the rules of Nasdaq Stockholm and therefore ordered the company to pay a fine of two annual fees.

    2021:03 Swedbank AB

    The Disciplinary Committee of Nasdaq Stockholm has found that Swedbank AB has breached the rules of Nasdaq Stockholm and therefore ordered the company to pay a fine of twelve annual fees.

    2021:04 Dome Energy AB

    The Disciplinary Committee of Nasdaq Stockholm has found that Dome Energy AB has breached the Nasdaq First North Growth Market Rulebook and therefore ordered the company to pay a fine of four annual fees.

    2021:05 Amasten Fastighets AB (publ)

    The Disciplinary Committee of Nasdaq Stockholm has found that Amasten Fastighets AB (publ) has breached the Takeover rules for Nasdaq Stockholm and therefore ordered the company to pay a fine of SEK 1,000,000.

    2021:06 European Lingerie Group AB

    The Disciplinary Committee of Nasdaq Stockholm has found that European Lingerie Group AB has breached Nasdaq Stockholm’s Rule Book for Issuers of Fixed Income Instruments and therefore ordered the Company to pay a fine of SEK 400,000.

    2021:07 Nordea Hypotek Aktiebolag

    The Disciplinary Committee of Nasdaq Stockholm has found that Nordea Hypotek Aktiebolag has breached the rules of Nasdaq Stockholm and therefore ordered the company to pay a fine of SEK 1,500,000.

    2021:08 Eltel AB (publ)

    The Disciplinary Committee of Nasdaq Stockholm has found that Eltel AB (publ) has breached the rules of Nasdaq Stockholm and therefore ordered the company to pay a fine of five annual fees.

    2019:1 Cyxone AB

    The Disciplinary Committee of Nasdaq Stockholm has found that Cyxone AB (”Cyxone” or “the Company”) has breached the regulations of Nasdaq First North (“the Rulebook”) and has therefore ordered Cyxone to pay a fine of two annual fees, corresponding to an amount of SEK 200,000.

    2019:2 MaxFastigheter i Sverige AB

    The Disciplinary Committee of Nasdaq Stockholm has found that MaxFastigheter i Sverige AB (”MaxFastigheter” or “the Company”) has breached the regulations of Nasdaq First North (“the Rulebook”) and has therefore ordered MaxFastigheter to pay a fine of three annual fees, corresponding to an amount of SEK 526,691.

    2019:2 MaxFastigheter i Sverige AB Press Release (EN)

    2019:2 MaxFastigheter i Sverige AB Decision (EN) 

    2019:2 MaxFastigheter i Sverige AB Pressmeddelande (SE)

    2019:2 MaxFastigheter i Sverige AB Beslut (SE)
     

    2019:3 Precise Biometrics AB

    The Disciplinary Committee of Nasdaq Stockholm has found that Precise Biometrics AB (“Precise” or the “Company”) has breached Nasdaq Stockholm’s Rule Book for Issuers (the “Rule Book”) and therefore ordered Precise to pay a fine of two annual fees, corresponding to an amount of SEK 410,000.

    2019:3 Precise Biometrics AB Press Release (EN)

    2019:3 Precise Biometrics AB Decision (EN) 

    2019:3 Precise Biometrics AB Pressmeddelande (SE)

    2019:3 Precise Biometrics AB Beslut (SE)
     

    2019:4 Clinical Laserthermia Systems AB

    The Disciplinary Committee of Nasdaq Stockholm has found that Clinical Laserthermia Systems AB (”CLS” or the “Company”) has breached the regulations of Nasdaq First North (the “Rulebook”) and has therefore ordered CLS to pay a fine of 15 annual fees, corresponding to an amount of SEK 2,194,286. 

    2019:4 Clinical Laserthermia Systems AB Press Release (EN) 

    2019:4 Clinical Laserthermia Systems AB Decision (EN) 

    2019:4 Clinical Laserthermia Systems AB Pressmeddelande (SE) 

    2019:4 Clinical Laserthermia Systems AB Beslut (SE)
     

    2019:5 Ericsson AB

    The Disciplinary Committee of Nasdaq Stockholm has in its trial found that Telefonaktiebolaget LM Ericsson has not breached Nasdaq Stockholm’s Rulebook for Issuers and has therefore not imposed a sanction on the Company.

    2019:5 Telefonaktiebolaget LM Ericsson Press Release (EN)

    2019:5 Ericsson Decision (EN)

    2019:5 Telefonaktiebolaget LM Ericsson Press Release (SE)

    2019:5 Ericsson Decision (SE)
     

    2019:6 C-RAD AB

    The Disciplinary Committee of Nasdaq Stockholm has found that C-RAD AB (”C-RAD” or the “Company”) has breached the Nasdaq Stockholm Rulebook for Issuers (the “Rule book”) and has therefore ordered C-RAD to pay a fine of two annual fees, corresponding to an amount of SEK 410,000

    2019:6 C-RAD AB Beslut (SE)

    2019:6 C-RAD AB Decision (EN)

    2019:6 C-RAD AB Pressmeddelande (SE)

    2019:6 C-RAD AB Press Release (EN)

    Related Information

    EUROPEAN SURVEILLANCE

    Annual & Quarterly Surveillance Reports

    These reports describe the main day-to-day activities and achievements within Nordic Surveillance.

    EUROPEAN SURVEILLANCE

    European Disciplinary Processes

    In Nasdaq Nordic, the Surveillance function is responsible for disciplinary procedures.