Repurchase of debts: the CNV moves forward with the investigation into a possible leak

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The National Securities Commission (CNV) advances its investigation into a possible market leak of the idea of ​​exiting to repurchase debt in dollars and already summoned more than twenty brokerage firms to detect whether there were speculative movements and privileged access to the data that explains the rally that these sovereign bonds had in the first half of January.

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Two days after the announcement of the repurchase of dollar bonds and given the growing suspicions of the market, Economy Minister Sergio Massa urged the regulatory body to verify if there was fraudulent maneuver in which the provision was brought forward to some investors and which explains the sudden rise in the prices of these instruments before the official communication.

“Currently our technical teams are working hard to obtain concrete results that allow us to define courses of action in the shortest possible time,” CNV said in a statement. “We have launched an investigation that involves calling capital market agents, like their clients, to an informational audience, whether they are individuals or companies,” he added.

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Search doesn’t just work locally – it works too exchange information with other departments state and/or foreign regulators, “in order to access information that is beyond their reach, such as tracing transactions that have been settled in foreign markets.”

Source: Clarin

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