Post by xyz3700 on Feb 27, 2024 6:15:04 GMT
According to the doctrine, insider trading is the use of relevant information about a company — by people who, through professional practice, know it in detail — to trade shares in the capital market before such information becomes known to the public. Making improper use of what they know as a result of their work, the insider buys or sells shares on the market at prices that do not yet reflect the impact of certain information that is their exclusive knowledge. istockphoto.com STJ began judging actions involving insider trading in istockphoto.com The misuse of privileged information was criminalized in, with the amendment of the Capital Market Law.
Article 27-D , updated in 2017, states that using relevant privileged information that has not yet been disclosed in the market to provide an undue advantage, for oneself or for others, subjects the agent to imprisonment and a fine. In, the Superior Court of Justice began judging actions involving insider trading , consolidating in its jurisprudence important understandings with a direct impact on various aspects of the misuse of Chinese Malaysia Phone Number List privileged information in the Brazilian capital market. Capital market In February 2016, the STJ analyzed the first conviction for the crime of insider trading in Brazilian justice, when judging REsp. During the appeal trial of the former director of Finance and Investor Relations at Sadia Luiz Gonzaga Murat Júnior, convicted of the crime of improper use of privileged information, the 5th Panel recognized that the former director's conduct falls within article 27-D of Law.
It is necessary to recognize that the appellant's conduct is subject to the norm provided for in article 27-D of Law which was enacted precisely to guarantee all investors the right to fair information, a condition inherent in guaranteeing the reliability of the securities market. capital, without which it loses its essence, notably that of attracting resources to large companies”, stated the case rapporteur, minister Gurgel de Faria. For the minister, it was clear that the accused participated in the discussions and negotiations aimed at preparing the public offer for the acquisition of Perdigão shares, obtaining relevant and confidential information about the company — which, in the exercise of his profession, he had the duty to keep in secrecy.
Article 27-D , updated in 2017, states that using relevant privileged information that has not yet been disclosed in the market to provide an undue advantage, for oneself or for others, subjects the agent to imprisonment and a fine. In, the Superior Court of Justice began judging actions involving insider trading , consolidating in its jurisprudence important understandings with a direct impact on various aspects of the misuse of Chinese Malaysia Phone Number List privileged information in the Brazilian capital market. Capital market In February 2016, the STJ analyzed the first conviction for the crime of insider trading in Brazilian justice, when judging REsp. During the appeal trial of the former director of Finance and Investor Relations at Sadia Luiz Gonzaga Murat Júnior, convicted of the crime of improper use of privileged information, the 5th Panel recognized that the former director's conduct falls within article 27-D of Law.
It is necessary to recognize that the appellant's conduct is subject to the norm provided for in article 27-D of Law which was enacted precisely to guarantee all investors the right to fair information, a condition inherent in guaranteeing the reliability of the securities market. capital, without which it loses its essence, notably that of attracting resources to large companies”, stated the case rapporteur, minister Gurgel de Faria. For the minister, it was clear that the accused participated in the discussions and negotiations aimed at preparing the public offer for the acquisition of Perdigão shares, obtaining relevant and confidential information about the company — which, in the exercise of his profession, he had the duty to keep in secrecy.