Just like in 1996, it was created through abuse and violating the law, the CNVM wants to dismantle the Rasdaq using the same tools, through an order which has no connection to the law.
The Rasdaq was an illegal market from the beginning (a claim which was debated in detail in the BURSA newspaper, and one which we never stopped warning about), with the claim that it was a stock exchange (in spite of all the pressure, the BURSA newspaper never accepted to use its self-styled name of "The Rasdaq Electronic Exchange", which it took on in 2002, with the blessing of the CNVM).
Under the guise of a democratic public debate, the CNVM wants to pass the order for the dismantling of the Rasdaq, except that the law provides a completely different manner of public debate which is supposed to be used in a case like this.
The Rasdaq isn't being killed off for what it is or for what it did.
The Rasdaq is dying due to a bureaucratic loophole, in relation with the European directives, which favors, (in a manner which has no merit, at a closer look) a man charged with market manipulation, in a lawsuit brought by the DIICOT.
Therefore, the obituary of the Rasdaq market should also include the words: "Even in death, it seems to have helped perpetuate unlawfulness".
The following text was hard for me to write, because it includes a number of personal memories.
* The public debate on the Rasdaq has to take place in the General Shareholder Meetings of the listed issuers
Blinded by the way the Rasdaq market was created - on command - the CNVM of today can't even fathom that the fate of issuers after the disbandment of the market is regulated by the laws of the country, and is therefore reinventing the wheel, perpetuating the abuse, in the Draft "Instruction concerning the companies whose shares are traded on the RASDAQ market or
