US EditionWhen Confidence Breaks From Above, but the Regulator Acts
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The important thing in the Primus Capital case is not only the amount of the fine (almost 2 billion pesos), nor the size of the fraud (more than $35 billion in inflated assets). The important thing is the message transmitted by the regulator: warnings are no longer enough, strong sanctions are now applied supported by the legal framework. Law No. 21,314 not only raised the maximum limit of the fines from UF 15,000 to UF 100,000, but also strengt…
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