Pandora unleashes more woe as Denmark goes after Nordea
The Danish Financial Services Authority opened a new front in its regulatory battle on Tuesday, finding that Nordea Bank Denmark failed to disclose an ownership interest in its pre-IPO research on the ill-fated listing of charm bracelet firm Pandora.
The regulator has indicated that it expects to bring similar cases against other firms in other deals, said one Danish banking source.
Nordea, one of four joint bookrunners, relied on a general disclaimer something it said thought was standard practice that it "might" have an ownership interest
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