SAO PAULO (Reuters) - Brazilian securities industry watchdog CVM has fined two JBS SA (SA:JBSS3) 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.