CVM will look into possible insider trading with Petrobras shares
The Securities and Exchange Commission of Brazil (CVM) will analyze if there was insider trading in a suspicious operation with options to sell Petrobras stocks one day before maturing and just before President Jair Bolsonaro said on a live-streamed talk on February 18 that "something" would happen at the state-owned company. The president announced the replacement of Petrobras CEO Roberto Castello Branco on February 19. The news on the suspicious trade was first published by columnist Malu Gaspar on newspaper O Globo. If indeed the options were sold, the profit...
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