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 faced a major crisis when former Terra Securities engaged in questionable, complex, and leveraged investments with eight municipalities. This led to the loss of all concessions by Terra Securities from the Financial Supervisory Authority of Norway on November 28, 2007, resulting in their bankruptcy filing that same day.