Nordic Securities founders have 4-year jail terms upheld over shares fraud
By Martin Coyle ( November 12, 2025, 10:47 GMT | Insight) -- Two founders of brokerage firm Nordic Securities have had four-year prison sentences confirmed for a share scam after Norway’s highest court rejected their appeals. The convictions, which cannot be appealed, stem from a complaint to prosecutor Økokrim by Norway’s financial regulator nine years ago over claims that large numbers of investors were deceived into buying shares.Two founders of brokerage firm Nordic Securities have had four-year prison sentences upheld for a share scam after Norway’s highest court rejected their appeals, bringing an end to a legal process nearly a decade long....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.