The Swedish bike helmet expert Mips has to pay a fine of 150000 euros to NASDAQ Stockholm.
The reason for this is a market assessment by Managing Director Max Strandwitz. In an interview in 2022, he stated that he expected the bicycle market to weaken in the short term and that this could also have an impact on demand for Mips products.
The Stockholm Stock Exchange's disciplinary committee categorised the comment as inside information. According to this, the information should first have been disclosed in a public announcement. Mips disagreed: the statement did not contain any insider information - but the penalty will still be accepted.
