BANCO BTG PACTUAL S.A. controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2014
Regulatory scrutiny surrounding BSI
BTG Pactual's acquisition of BSI attracted scrutiny because of regulatory issues and BSI's previous dealings connected with the Malaysian sovereign wealth fund 1MDB. BTG Pactual later sold BSI to EFG International in 2016.
2014
Hong Kong employee misrepresentation claim
A former employee of BTG Pactual's Hong Kong subsidiary alleged that representations about partnership and shares had induced him to enter agreements with the bank. The parties reached a final settlement in 2017.
2012
Insider-trading penalties involving André Esteves
Brazilian authorities imposed penalties connected with an insider-trading case involving André Esteves during the period surrounding BTG Pactual's public offering. The matter required changes to the offering documentation and gave investors an opportunity to reconsider bids. The case was later closed.