04/03/11

Permalink Anonymous takes on NASDAQ OMX Group and Sweden's Elite Wallenberg Family Corporations

"[T]he organizations filing these Comments request that the SEC investigate and take appropriate enforcement action against certain board members of NASDAQ including Borje Ekholm, Lars Wedenborn, Birgitta Kantola, Urban Backstrom and Hans Munk Nielsen, as well as the companies that they represent among them, Investor AB, FAM, STORA ENSO, NORDEA INVEST and the Confederation of Swedish Enterprise. [Exhibits A-D]

NASDAQ OMX not only operates the NASDAQ stock market and seven European stock exchanges in the Nordic and Baltic areas, but the NASDAQ OMX Group technology supports the operations of over 60 exchanges, clearing organizations, and central securities depositories in more than 50 countries. The NASDAQ OMX Group (NASDAQ: N DAQ), the world's largest exchange company, represents a value of approximately $14.4 trillion. [Exhibit B] The addition of INVESTOR AB, with approximate ownership of 120 companies, will further concentrate economic power in the hands of the [sic] Sweden's Wallenberg family which is already overrepresented on the NASDAQ OM X board. [Exhibits A-D] This expansion is not in the public interest, but in the interest of a single family. The Wallenberg ’s core companies, under INVESTOR AB, have been involved in violations of civil and criminal law [Exhibit A] as well as provided the SEC with incomplete information, about their holdings and board members, to understate their control of the NASDAQ. [Exhibit A-C] Further, the current board membership already violates NASDAQ rules in that the independent non-industry and public interest are under-represented."

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