Skandiabanken: adverse remark issued and administrative fine of SEK 10 million imposed

2014-06-26 | Sanctions Bank

There have been inadequacies in the investment advice that Skandiabanken Aktiebolag has provided through tied agents. The bank has not complied with the rules applicable for receiving commission nor dealt with conflicts of interest in the correct manner.

An adverse remark is consequently issued to the bank and an administrative fine of SEK 10 million imposed.

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