In 2007, Terra-Gruppen received a major blow in the Terra Securities scandal where former Terra Securities had sold very questionable, complex and geared investments to eight municipalities. On November 28, 2007, Terra Securities lost all concessions from the Financial Supervisory Authority of Norway and filed for bankruptcy the same day.
In 2007, Terra-Gruppen experienced a major setback due to the Terra Securities scandal involving questionable, complex, and leveraged investments sold to eight municipalities. This resulted in the Financial Supervisory Authority of Norway revoking Terra Securities' concessions on November 28, 2007, leading to their bankruptcy filing that same day.