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Debt repurchase: the CNV advances with the investigation of a possible leak

2023-02-06T00:43:16.307Z


The body has already cited about twenty local stockbrokers. It also works in conjunction with foreign regulators to detect if there was access to privileged information.


The National Securities Commission (CNV) is advancing in the investigation into a possible leak in the market of the idea of ​​going out to buy back debt in dollars and has already

summoned more than twenty brokerage firms to detect if there were speculative movements and privileged access

to the information that explains the rally that these sovereign titles had in the first half of January.

Two days after the announcement of the repurchase of dollar bonds and given the growing suspicions in the market, the Minister of Economy Sergio Massa urged the regulatory body to investigate whether there was any

fraudulent maneuver

in which certain investors were anticipated the measure and that explains the sudden increase in the prices of these instruments prior to 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," the CNV said in a statement.

"We started an investigation that involves calling capital market agents, as well as their clients, to informative audiences, whether they are individuals or companies," he added.

The investigation not only works at the local level: they also

exchange information with other

state agencies and/or regulators abroad, "in order to access information that is beyond their reach, such as tracking operations that have been settled in Foreign markets".

look too

The Central Bank continues with the repurchase of debt but the lack of reserves limits the strategy

Refrigerators, in the crosshairs for alleged evasion

Source: clarin

All business articles on 2023-02-06

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