Trading Probes On Brazil’s Batista Due In 2015: Regulator
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.
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