Fernando Passos
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"Action, No. 1:22-cv-03156 (S.D.N.Y. filed Apr. 18, 2022) SEC Obtains Final Consent Judgment as to Senior Executive of Brazilian Company Charged with Fraud The Securities and Exchange Commission announced today the entry of a final consent judgment as to Fernando Passos in the SEC’s civil enforcement action that charged Passos, the former executive vice president of finance and investor relations of Brazilian reinsurance company IRB Brasil Resseguros S.A., for allegedly planting a false story with the media and disseminating false documents claiming that Berkshire Hathaway Inc. had recently made a substantial investment in IRB."
"Action, No. 1:22-cv-03156 (S.D.N.Y. filed Apr. 18, 2022) SEC Obtains Final Consent Judgment as to Senior Executive of Brazilian Company Charged with Fraud The Securities and Exchange Commission announced today the entry of a final consent judgment as to Fernando Passos in the SEC’s civil enforcement action that charged Passos, the former executive vice president of finance and investor relations of Brazilian reinsurance company IRB Brasil Resseguros S.A., for allegedly planting a false story with the media and disseminating false documents claiming that Berkshire Hathaway Inc. had recently made a substantial investment in IRB."
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"Without admitting or denying the allegations, Passos consented to the entry of a final judgment permanently enjoining him from violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, barring him from serving as an officer or director of a public company, and imposing a civil penalty of $500,000."