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Brazil's securities industry watchdog CVM fines JBS executives - Metro US

Brazil’s securities industry watchdog CVM fines JBS executives

FILE PHOTO: Outbreak of the coronavirus disease (COVID-19), in Brazil

SAO PAULO (Reuters) – Brazilian securities industry watchdog CVM has fined two JBS SA <JBSS3.SA> executives for failing to disclose market transactions between JBS and related parties, the regulator said in a statement on Wednesday.

Jeremiah O’Callaghan and Guilherme Cavalcanti, former and current JBS investment relations directors, agreed to pay 741,000 reais ($124,846) for failing to disclose JBS transactions with other companies owned by the JBS controlling shareholders Batista family, such as hygiene products manufacturer Flora and bank Original.

(Reporting by Tatiana Bautzer; Editing by Aurora Ellis)

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