Friday, July 6, 2007

Brazilian Companies Agree to Limit Access, Monitor Trades to Control Leaks

(Bloomberg) -- Banco Bradesco SA and eight other
Brazilian companies agreed to limit employees' and executives'
access to confidential plans and monitor stock trades to ensure
that insider information isn't leaked.

The nine companies signed agreements to implement changes
recommended by the Brazilian association of publicly traded
companies, known as Abrasca. The group is attacking insider trading
through self-regulation, association President Antonio Castro said
at a presentation today at the Sao Paulo stock exchange.


Read more at Bloomberg Stocks News

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