Trading Probes On Brazil's Batista Due In 2015: Regulator

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Trading Probes On Brazil's Batista Due In 2015: Regulator

by Wochit 0:43 mins

Trading Probes On Brazil's Batista Due In 2015: Regulator

by Wochit 0:43 mins

The results of more than a dozen investigations into market manipulation by Brazilian entrepreneur Eike Batista and current or former executives of his EBX Group, will likely be made public next year, a top regulator said. Pereira could not go into detail as the cases were ongoing. The CVM wants to determine whether Batista withheld information that was unfavorable to some of his businesses, while encouraging investors to buy more stock in his companies. In the aftermath of the fall of Brazil's richest man and Latin America's largest ever bankruptcy, 11 cases are being processed.

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