Former Exec Of Brazilian Reinsurer Violated Anti-Fraud Provisions, SEC Alleges

Mealey's (April 21, 2022, 12:59 PM EDT) -- NEW YORK — The U.S. Securities and Exchange Commission on April 18 filed an enforcement action in New York federal court against a former senior executive of a Brazilian reinsurance company over a false 2020 claim of a substantial investment by Berkshire Hathaway Inc., which he allegedly fabricated to boost the company’s stock price....