Exchange Podcasts Arens them down by the Court of Appeal – Business World

     John Skogman. Photo: Jörgen Appelgren
     

John Skogman, who together with Johan Isaksson runs the popular Börspodden, also lost in the Court of Appeal.

He was previously sentenced to 60 daily fines of District Court market manipulation and the case has now been taken up by the Court of appeal on appeal.

the Court of appeal determines the district court’s original judgment, writes real time. Both parties should have presented the same evidence in the District Court and the Court of Appeal does not therefore affect that assessment.

The penalty is probation and fines totaling 23,400 crowns.

The indictment was suspected price manipulation in trade ITAB in December 2012. According to the Economic Crime Authority, John Skogman few seconds bought five shares at a time to progressively higher rates. The seller of the shares was Remium automatic robot reacted by raising the spread and thus the bid price by a few percent at a time.

Skogman should then have turned and sold a few major items of 300 shares to Remium, something he should have earned 2,157 crowns on.

– this shows that even the Court of Appeal he thinks are wrong and this is criminal. It is he capable robot to drive up the price and he does after all only because he himself day trader will make money. He uses the knowledge to get the price up instantly. Then the course completely misleading to others who are going to buy and it is lujendrejeri said chamber prosecutor in January Leopoldson to real time.

The verdict can be appealed by 21 May.