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The Securities and Exchange Commission (CVM) reported on Friday that it opened a process to investigate the use of inside information in businesses with shares of Petrobras (PETR3; PETR4), in the exchange announcement episode by the company.
“The subject of your question is being analyzed in the administrative process CVM 19957.001646 / 2021-76 ”, replied the municipality in a statement, adding that it does not comment on specific cases.
Between the closing of the session on February 18, before President Jair Bolsonaro indicated that he would name a successor to the executive president of the state-owned company, Roberto Castello Branco– and on the 22nd, when the government had already formalized the appointment of the successor, General Joaquim Silva and Luna, the company’s preferred shares plummeted 26.7%.
In the following days, the paper partially recovered.
The insider trading investigation, known in market jargon as insider trading, seeks to determine whether any investors used this condition to trade and profit from the market.
TO CVM I have opened six processes to investigate different issues related to the episode, between the company or the reason for the company, and the relevant fact about or issue has not been disclosed previously, to the claim of the investor of ingerência of the controlling shareholder and not submissão prévia da proposta do governo ao council of administration. the company.
The association representing Abradin’s minority investors reported Wednesday to CVM of a representation requesting the investigation of an operator who had made suspicious movements with Petrobras shares PETR4 in the options market.
The operation, according to the president of the Brazilian Association of Investors, would have taken place between a meeting in Brasilia from which the president of Petrobras was to leave and the appointment of Generals Joaquim Silva and Luna to take over the company.
