Oslo-based investment house Terra Securities ASA declared bankruptcy Wednesday after national regulators moved to revoke its license for failing to inform Norwegian townships of the high risks of their U.S. investments.
Four small townships in northern Norway had been embroiled in a conflict with Terra over losses, saying the brokerage failed to inform them of the high risk of 451 million kroner (US$82 million, euro56 million) in investments placed through the American financial giant Citibank.
In a news release, the Financial Supervisory Authority of Norway, a government agency, notified Terra that it intended to revoke all of its licenses to manage …
Комментариев нет:
Отправить комментарий