06:35 AM EDT, 06/20/2024 (MT Newswires) -- Nasdaq (NDAQ) Stockholm has been fined 100 million Swedish krona ($9.6 million) by Sweden's financial supervisory authority for not complying with stock market rules on multiple occasions in the last few years, the regulator said on Wednesday.

The regulator said its investigations show that there have been deficiencies in the way Nasdaq Stockholm has conducted its trade monitoring, which is supposed to prevent, identify and report insider dealing.

The investigations also show that Nasdaq Stockholm started trading in financial instruments in violation of the regulatory framework on two occasions, the regulator said.

However, the regulator said the violations are not serious enough to withdraw the stock exchange's authorization or issue a warning.

US markets were closed on Wednesday for the Juneteenth holiday.

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