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Watchdog pulls plug on scandal-plagued firm with distribution ties to fund managers

Financial house Nord Fondkommission has had its plug pulled by the Swedish FSA after a long investigation into its advisory services. The decision also has ramifications for all of the firm's affiliated agents, including one of Sweden's biggest robo-advisors. Nord is also a distributing partner of some of the country's best known fund managers.
Finansinspektionen (Swedish FSA) -- Stockholm head office | Photo: https://www.fi.se/en/about-fi/
Finansinspektionen (Swedish FSA) -- Stockholm head office | Photo: https://www.fi.se/en/about-fi/
by MIRZA GAZIC

On Wednesday, October 14 the Swedish FSA issued a press statement informing the public of its decision to withdraw all authorization for financial house Nord Fondkommission.

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