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Nordic Securities founders have 4-year jail terms upheld over shares fraud

By Martin Coyle ( November 12, 2025, 10:47 GMT | Insight) -- Two founders of brokerage firm Nordic Securities have had four-year prison sentences confirmed for a share scam after Norway’s highest court rejected their appeals. The convictions, which cannot be appealed, stem from a complaint to prosecutor Økokrim by Norway’s financial regulator nine years ago over claims that large numbers of investors were deceived into buying shares.Two founders of brokerage firm Nordic Securities have had four-year prison sentences upheld for a share scam after Norway’s highest court rejected their appeals, bringing an end to a legal process nearly a decade long....

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