Proteção e reparação coletiva dos investidores no mercado de valores mobiliários

Detalhes bibliográficos
Ano de defesa: 2020
Autor(a) principal: Tescari, Renato Mantoanelli
Orientador(a): Nery Junior, Nelson
Banca de defesa: Não Informado pela instituição
Tipo de documento: Dissertação
Tipo de acesso: Acesso aberto
Idioma: por
Instituição de defesa: Pontifícia Universidade Católica de São Paulo
Programa de Pós-Graduação: Programa de Estudos Pós-Graduados em Direito
Departamento: Faculdade de Direito
País: Brasil
Palavras-chave em Português:
Palavras-chave em Inglês:
Área do conhecimento CNPq:
Link de acesso: https://tede2.pucsp.br/handle/handle/23719
Resumo: This paper addresses the known Brazilian securities markets’ problems regarding the lack of investors protection against fraud. It proposes that the answer for its problems lies on private enforcement measures, especially when considering short-term actions. The problems faced by investors on a daily basis in Brazil are part of a broader spectrum of the agency problems that affect any kind of company. Brazil’s leniency to this kind of problems and to the impunity of those involved in securities fraud against Brazilian investors compromises the development of its securities market, risking its survival. In this scenario, the punishment for those who are willing to risk their economies in the Brazilian exchange market is duplicated: first, they suffer from their asset’s price drop after the disclosure of the fraud; and, second, by indirectly paying securities class actions’ plaintiffs who bought their securities in more serious markets and, therefore, will be able to recover their losses by suing the company and its agents. It is then imperative that we think carefully about the enforceability of the Brazilian law, especially in the stock market