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Brazilian Securities Regulator Going “High-Tech” to Stop Insider Trading
Brazilian securities fraudsters beware: Comissao de Valores Mobiliarios, Brazils market regulator is reportedly “going hi-tech to detect insider trading.” What high-tech weapon is the regulator turning to, you might ask? The Business Report reports that “Brazilian regulators are turning to computers to help detect insider trading and information leaks that have deterred investment in Latin [...]
Brazil: Regulator CVMs Probing Possible Insider Trading in Banestes SA
Brazilian regulator Comissao de Valores Mobiliarios (known as CVMs) has opened a probe into trading in the securities of Banestes SA – Banco do Estado do Espirito Santo SA, a regional bank, in advance of an announcement that it is in acquisition discussions. Bloomberg reports that Banestes shares surged 36 percent in four days prior [...]