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THE COMMISSION
The Law that instituted the Comissão de Valores Mobiliários - CVM (Securities and Exchange Commission of Brazil) established that it should observe the following objectives:
to assure the proper functioning of the exchange and over-the-counter markets;
to protect all securities holders against fraudulent issues and illegal actions performed by company managers, controlling shareholders, or mutual fund managers;
to avoid or inhibit any kind of fraud or manipulation which may give rise to artificial price formation in the securities market;
to assure public access to all relevant information about the securities traded and the companies which have issued them;
to ensure that all market participants adopt fair trading practices;
to stimulate the formation of savings and their investment in securities; and
to promote the expansion and efficiency of the securities market and the capitalization of Brazilian publicly held companies. |
