Anders Pedersen Bjergaard–
17:35 – 23 Oct. | Updated 17:49 – 23 Oct.
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Morten Nystrøm, Head of Analysis at Arctic Securities, works in one of Norway’s most prominent brokerage houses. Recently, Finansavisen reported on how Nystrøm had hoarded shares in Quantafuel just a few days before he published a violent share analysis of the company in which the share price was predicted to multiply.
Nystrøm is also a stock analyst at BW Energy. Three equity analyzes show that the Arctic Securities top was also the owner of BW Energy shares before he published analyzes which also here predicted a multiplication of the share price.
On Friday afternoon, Arctic Securities sent out a press release stating that Nystrøm has asked for work exemption for 14 days after controversial share purchases in Quantafuel and BW Energy. He himself does not want to comment on the case.
Internal investigation
– Arctic takes every case where our analysts’ independence is questioned very seriously, the brokerage writes in a statement.
Arctic has launched an internal investigation and contacted Finanstilsynet.
– We ask for your understanding that we can not comment on this further at this time, the brokerage writes.
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