|
|
Article: Stockholm Stock Exchange: Stockholm Stock Exchange's Disciplinary Committee Fines Erik Penser Fondkommission.
- Article from:
- Business Wire
- Article date:
- January 10, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
STOCKHOLM, Sweden -- Erik Penser Fondkommission (EPF) has contravened the Stockholm Stock Exchange's rules by buying and selling AstraZeneca shares on its own account in a manner that resulted in EPF conducting business with itself. In a large number of cases, this practice also influenced the price of the shares. Accordingly, the Stockholm Stock Exchange's Disciplinary Committee has ruled that EPF must pay a fine of SEK 300,000.
EPF is a member of the Stockholm Stock Exchange. According to the Stockholm Stock Exchange's rules for Exchange members, members must place orders in the trading system in such a manner that the orders do not intentionally result in an ...