Norwegian FSA criticizes more investment companies for arbitrage trading – it's not looking good

The Financial Supervisory Authority of Norway criticizes the actions of a fund manager. The authority has listened in on phone conversations between the investment companies and the fund manager.
Photo: Morten Langkilde/pxml Longyearbyen 11.jpg
Photo: Morten Langkilde/pxml Longyearbyen 11.jpg
BY SEBASTIAN HOLSEN, TRANSLATED BY NIELSINE NIELSEN

On Thursday, the Norwegian Financial Supervisory Authority (FSA) sent letters to four different investment companies communicating that a fund manager had traded assets in their own fund and sold their own positions right after, writes Norwegian media Dagens Næringsliv.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
  • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Further reading