Análise do caso “game stop” à luz da regulamentação do mercado de capitais brasileiro
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Tipo
TCC
Data de publicação
2023-12
Periódico
Citações (Scopus)
Autores
Oliveira, Lucas Eduardo Ghilardi de
Orientador
Cárnio, Thaís Cíntia
Título da Revista
ISSN da Revista
Título de Volume
Membros da banca
Programa
Resumo
Sob a premissa de que a intervenção do regulador na livre flutuação de preços na bolsa de valores brasileira pode ser prejudicial aos investidores, o objetivo geral do presente trabalho é, por meio da análise da legislação atual e da análise de casos anteriores, buscar um coeficiente comum entre a segurança para os investidores e a fomentação do princípio do livre mercado sob a ótica da livre flutuação de preços. Primeiramente, a título introdutório, o objetivo é contar detalhadamente o caso Game Stop, trazendo seus principais acontecimentos e desfechos, além de analisar como a manipulação de mercado pode afetar positiva e negativamente a comunidade de investidores dos mais diversos portes. Isto posto, será investigado se um fenômeno como este poderia ocorrer no mercado brasileiro, bem como se já ocorreu algo semelhante. Em ato contínuo, será feita uma análise fundamentada da legislação atual e de como funciona o processo para o regulador intervir nas negociações de um pregão na bolsa brasileira, além da explicação do porquê ele ocorre, expondo suas eventuais limitações, pontos positivos, e pontos negativos. Por fim, será verificado se existe uma forma – diferente da forma praticada hoje – de se realizar mudanças na legislação de forma a otimizar, sob uma perspectiva progressista, a relação entre livre oscilação dos preços e segurança para os investidores.
Under the premise that regulatory intervention in the free fluctuation of prices in the Brazilian stock exchange may be detrimental to investors, the overarching objective of this present work is to, through analysis of current legislation and examination of prior cases, seek a common coefficient between investor security and the promotion of the principle of a free market, viewed from the perspective of free price fluctuation. Firstly, by means of an introductory account, the aim is to provide a detailed narrative of the GameStop case, elucidating its principal events and outcomes, while analyzing how market manipulation can impact the investor community of varying scales, both positively and negatively. With this context established, an investigation will ensue into the potential occurrence of a phenomenon like this within the Brazilian market, as well as any analogous precedents. Subsequently, a well-founded analysis of current legislation and the process by which regulators intervene in trading sessions on the Brazilian stock exchange will be conducted, along with an exposition of its rationale, encompassing its potential limitations, strengths, and weaknesses. Finally, an inquiry will be undertaken into whether an alternative approach – distinct from the current practice – exists to effectuate legislative changes aimed at optimizing, from a progressive standpoint, the relationship between a free market and investor security.
Under the premise that regulatory intervention in the free fluctuation of prices in the Brazilian stock exchange may be detrimental to investors, the overarching objective of this present work is to, through analysis of current legislation and examination of prior cases, seek a common coefficient between investor security and the promotion of the principle of a free market, viewed from the perspective of free price fluctuation. Firstly, by means of an introductory account, the aim is to provide a detailed narrative of the GameStop case, elucidating its principal events and outcomes, while analyzing how market manipulation can impact the investor community of varying scales, both positively and negatively. With this context established, an investigation will ensue into the potential occurrence of a phenomenon like this within the Brazilian market, as well as any analogous precedents. Subsequently, a well-founded analysis of current legislation and the process by which regulators intervene in trading sessions on the Brazilian stock exchange will be conducted, along with an exposition of its rationale, encompassing its potential limitations, strengths, and weaknesses. Finally, an inquiry will be undertaken into whether an alternative approach – distinct from the current practice – exists to effectuate legislative changes aimed at optimizing, from a progressive standpoint, the relationship between a free market and investor security.
Descrição
Palavras-chave
caso game stop , mercado de capitais brasileiro , finanças , manipulação de mercado , gamestop case , brazilian capital market , finance , market manipulation