INSIDER TRADING NO BRASIL: UMA PERSPECTIVA A PARTIR DO CASO JBS

Authors

  • Júlia Martins Amaral Universidade Estadual Paulista (Unesp), Faculdade de Ciências Humanas e Sociais, Franca
  • João Cenamo Baldi de Freitas Universidade Estadual Paulista (Unesp), Faculdade de Ciências Humanas e Sociais, Franca
  • Victor Luiz Pereira de Andrade Universidade Estadual Paulista (Unesp), Faculdade de Ciências Humanas e Sociais, Franca http://orcid.org/0000-0001-6789-7172

DOI:

https://doi.org/10.22171/rej.v26i44.3736

Keywords:

insider trading, insider information, administrative accountability, civil accountability, criminal accountability, JBS

Abstract

This article seeks to analyze the practice of insider trading in Brazil and the different sanctions that can be applied to those responsible for practicing such unlawful conduct, which cover the administrative, civil and criminal scopes. Initially dealing with preliminary concepts, the article intends to contribute to the definition of information asymmetries, in order to enable a better understanding for the conceptualization of the practice of insider trading and possible insiders, as well as presenting the historical context of such conduct, emphasizing the North American pioneering spirit. Subsequently, the article sought to bring the analysis of the inclusion of this practice in the Brazilian legislation, through the analysis of Law No. 6.404/76 under Business Law and possibilities towards making company administrators responsible. Aiming to carry out a critical analysis, the article establishes a discussion on the applicability and expansion of Criminal Law and the greater state interference in the economy and in the securities market. Finally, as a means of demonstrating the subjects relevance and applicability, the article starts with the detailing of Habeas Corpus nº 416.785, a precedent involving JBS S/A, a case which exemplifies the provisions of this article, through the use of privileged information to obtain an undue advantage. As a procedural method, the article is built from a literature review allied to documentary and jurisprudential research, analyzed from a deductive perspective allied to the dogmatic technique of the legal sciences.

 

Author Biographies

Júlia Martins Amaral, Universidade Estadual Paulista (Unesp), Faculdade de Ciências Humanas e Sociais, Franca

 

 

João Cenamo Baldi de Freitas, Universidade Estadual Paulista (Unesp), Faculdade de Ciências Humanas e Sociais, Franca

 

 

Victor Luiz Pereira de Andrade, Universidade Estadual Paulista (Unesp), Faculdade de Ciências Humanas e Sociais, Franca

 

 

Published

2023-09-01

How to Cite

MARTINS AMARAL, J.; CENAMO BALDI DE FREITAS, J.; ANDRADE, V. L. P. de. INSIDER TRADING NO BRASIL: UMA PERSPECTIVA A PARTIR DO CASO JBS. UNESP Journal of Legal Studies, Franca, v. 26, n. 44, 2023. DOI: 10.22171/rej.v26i44.3736. Disponível em: https://periodicos.franca.unesp.br/index.php/estudosjuridicosunesp/article/view/3736. Acesso em: 22 nov. 2024.

Issue

Section

Cidadania Social e Econômica e Sistemas Normativos