IBOV 172,469.00 ▼ 0.03% IPSA 11,256.28 ▼ 0.17% IPC MEX 66,938.64 ▲ 0.82% MERVAL 3,085,657 ▼ 0.04% COLCAP 2,336.92 ▼ 0.58% BVL PERÚ 59,581.33 ▼ 0.14% USD/BRL5.10▲ 0.28% USD/MXN17.14▲ 0.05% USD/CLP915.27▲ 0.28% USD/COP3,121▼ 1.09% USD/PEN3.38▼ 0.29% USD/ARS 1,499 — 0.00% USD/UYU40.25▼ 0.06% USD/PYG5,922▲ 0.04% USD/BOB11.80▲ 0.17% USD/DOP58.12▲ 0.02% USD/CRC447.88▼ 0.54% USD/GTQ7.62▼ 0.06% USD/HNL26.78▼ 0.01% USD/NIO 36.62 — 0.00% USD/VES755.65▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.29▼ 0.02% USD/TTD6.68▼ 0.82% EUR/BRL5.89▲ 0.21% BRENT 85.84 ▲ 2.74% WTI 80.39 ▲ 2.83% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.66% GOLD 4,398 ▲ 1.32% SILVER 64.63 ▲ 2.04% SOY 1,179 ▲ 1.92% CORN 461.75 ▲ 5.18% WHEAT 646.75 ▲ 1.09% COFFEE 335.90 ▲ 0.10% SUGAR 16.41 ▼ 0.24% ORANGE JUICE 147.10 ▲ 3.19% COTTON 84.60 ▲ 1.66% COCOA 5,830 ▲ 0.83% BEEF 227.00 ▼ 2.03% CATTLE 345.60 ▼ 1.72% LITHIUM 74.67 ▲ 0.89% PETR4 41.57 ▲ 1.71% VALE3 75.31 ▲ 0.45% ITUB4 40.45 ▼ 0.74% BBDC4 17.09 ▼ 1.27% ABEV3 15.29 ▼ 1.23% BBAS3 20.13 ▲ 0.35% B3SA3 14.75 ▼ 1.34% WEGE3 47.91 ▼ 0.44% PRIO3 59.68 ▲ 3.88% SUZB3 41.30 ▼ 0.96% RENT3 36.56 ▼ 3.33% AZZA3 16.70 ▼ 1.82% CSAN3 3.61 ▼ 1.63% RAIZ4 0.27 ▲ 3.85% PCAR3 2.83 ▼ 3.08% GMAT3 3.65 ▼ 2.14% PSSA3 50.10 ▼ 0.63% CVCB3 1.47 ▼ 3.29% POSI3 3.44 ▼ 2.55% SLCE3 13.35 ▲ 0.98% NATU3 8.20 ▼ 0.97% BRKM5 5.88 ▼ 1.01% RANI3 8.16 ▼ 0.80% CSNA3 4.54 ▼ 0.66% CMIN3 5.38 ▼ 1.28% USIM5 7.20 ▲ 0.70% GGBR4 25.27 ▲ 0.88% ENEV3 25.63 ▼ 2.10% CPFE3 44.11 ▼ 1.54% CMIG4 10.68 ▼ 2.20% EQTL3 36.56 ▼ 1.93% LREN3 12.10 ▼ 2.34% VIVT3 30.37 ▼ 0.69% RAIL3 13.36 ▼ 1.69% KLABIN 17.91 ▼ 0.56% RAIA DROGASIL 19.62 ▼ 2.97% RDOR3 33.80 ▼ 0.35% HAPV3 10.59 ▼ 1.67% FLRY3 18.59 ▼ 1.90% SMTO3 14.94 ▲ 1.15% UGPA3 31.04 ▼ 0.77% VBBR3 33.56 ▼ 1.96% BBSE3 38.40 ▲ 0.05% BPAC11 53.80 ▲ 1.25% CURY3 30.96 ▼ 1.28% AERI3 2.32 ▲ 1.31% VIVARA 21.54 ▼ 0.42% COMPASS 22.59 ▼ 1.05% VAMOS 2.96 ▼ 3.90% SANB11 29.45 ▲ 0.62% ASAI3 8.12 ▼ 1.46% SBSP3 26.55 ▼ 1.26% WALMEX 48.96 ▼ 1.03% GMEXICO 223.82 ▼ 0.43% FEMSA 207.54 ▼ 1.00% CEMEX 19.56 ▲ 0.10% GFNORTE 198.50 ▼ 0.64% BIMBO 61.01 ▼ 0.23% TELEVISA 9.77 ▲ 0.10% AMX 20.29 ▼ 0.69% GAP 374.28 ▼ 1.83% ASUR 271.31 ▼ 1.94% OMA 230.81 ▼ 2.27% KOF 187.20 ▼ 1.01% GRUMA 253.12 ▼ 0.70% KIMBER 40.27 ▼ 1.20% SQM-B 66,210 ▲ 0.64% COPEC 6,140 ▲ 0.41% BSANTANDER 80.47 ▲ 0.39% FALABELLA 6,500 ▲ 0.47% ENELAM 87.40 — 0.00% CENCOSUD 2,048 ▼ 0.11% CMPC 1,043 ▲ 1.24% BANCO CHILE 189.10 ▲ 0.24% LATAM AIR 25.26 ▼ 2.09% YPF 7,960 ▲ 2.38% GGAL 7,245 ▼ 0.96% PAMPA 5,175 ▼ 0.58% TXAR 731.00 ▲ 2.17% ALUAR 925.00 ▼ 1.02% TGS 9,275 ▲ 1.53% CEPU 2,184 ▼ 1.09% MIRGOR 1,615 ▼ 0.92% COME 41.53 ▲ 0.53% LOMA NEGRA 3,230 ▼ 1.07% BYMA 289.00 ▼ 0.69% TELECOM ARG 4,383 ▲ 0.06% ECOPETROL 17.22 ▲ 2.62% BANCOLOMBIA 89.88 ▲ 1.15% GRUPO AVAL 5.30 ▲ 4.74% CREDICORP 384.00 ▼ 0.76% SOUTHERN COPPER 200.72 ▲ 0.83% BUENAVENTURA 34.14 ▼ 0.04% MERCADOLIBRE 1,840 ▲ 1.06% NUBANK 13.88 ▲ 0.25% XP 16.10 ▼ 0.86% PAGSEGURO 9.04 ▼ 1.15% STONE 10.44 ▼ 1.51% GLOBANT 37.42 ▲ 0.05% TECNOGLASS 42.74 ▼ 3.17% GAP AIRPORT 216.12 ▼ 2.95% ASUR 271.31 ▼ 1.94% OMA AIRPORT 106.64 ▼ 3.44% AMX ADR 23.57 ▼ 0.76% FEMSA ADR 120.52 ▼ 1.59% CEMEX ADR 11.38 ▲ 0.44% PETROBRAS ADR 18.14 ▲ 1.00% VALE ADR 14.75 ▲ 0.24% ITAU ADR 7.90 ▼ 0.50% SANTANDER BR 5.83 ▲ 0.34% AMBEV ADR 2.96 ▼ 1.33% CSN 0.91 ▼ 1.63% GERDAU 4.98 ▲ 0.71% LATAM ADR 55.32 ▼ 2.47% BTC 64,747 ▼ 0.15% ETH 1,897 ▼ 0.59% SOL 76.53 ▲ 0.42% XRP 1.03 ▼ 0.01% BNB 601.47 ▼ 0.05% ADA 0.20 ▲ 0.82% DOGE 0.07 ▲ 0.96% AVAX 6.54 ▲ 1.96% LINK 8.31 ▲ 1.65% DOT 0.82 ▲ 2.30% LTC 45.46 ▲ 0.12% BCH 214.87 ▲ 0.16% TRX 0.33 ▲ 0.40% XLM 0.16 ▲ 0.31% HBAR 0.07 ▼ 0.23% NEAR 1.65 ▲ 3.25% ATOM 1.39 ▲ 1.23% AAVE 90.90 ▲ 0.39% SELIC 14.00% EMBRAER 98.70 ▲ 6.68% EMBRAER ADR 77.02 ▲ 5.49% JBS 13.79 ▼ 3.13% JBS BDR 70.32 ▼ 2.46% MBRF3 15.81 ▼ 1.62% MBRFY 3.10 ▼ 0.64% INTER 5.32 ▲ 0.95% EGX 54,876 ▼ 0.45% USD/ZAR16.17▲ 0.18% USD/NGN1,359▼ 0.14% NIKKEI 66,970 ▲ 2.08% CSI300 4,702 ▲ 0.16% HSI 25,937 ▲ 1.05% NIFTY 24,584 ▲ 0.05% KOSPI 6,300 ▲ 0.65% JCI 6,365 ▼ 0.69% USD/JPY158.99▲ 0.82% USD/CNY6.73▼ 0.21% DAX 26,333 ▲ 0.05% CAC 8,704 ▼ 0.13% FTSE 10,835 ▼ 0.60% MIB 53,656 ▼ 0.11% IBEX 20,178 ▲ 0.01% STOXX 659.49 ▼ 0.12% EUR/USD1.16▼ 0.10% GBP/USD1.35▲ 0.18% SPX 7,766 ▲ 0.11% DJI 53,965 ▼ 0.13% NDX 29,754 ▲ 0.11% RUT 3,028 ▼ 0.23% TSX 36,409 ▲ 0.08% VIX 15.21 ▲ 2.08% USD/CAD1.39▼ 0.05% US10Y 4.6860 ▲ 0.56% IBOV 172,469.00 ▼ 0.03% IPSA 11,256.28 ▼ 0.17% IPC MEX 66,938.64 ▲ 0.82% MERVAL 3,085,657 ▼ 0.04% COLCAP 2,336.92 ▼ 0.58% BVL PERÚ 59,581.33 ▼ 0.14% USD/BRL 5.10 ▲ 0.25% USD/MXN 17.14 ▲ 0.06% USD/CLP 915.96 ▲ 0.35% USD/COP 3,118 ▼ 1.18% USD/PEN 3.37 ▼ 0.31% USD/ARS 1,499 — 0.00% USD/UYU 40.25 ▼ 0.06% USD/PYG 5,922 ▲ 0.04% USD/BOB 11.80 ▲ 0.17% USD/DOP 58.12 ▲ 0.02% USD/CRC 447.88 ▼ 0.54% USD/GTQ 7.62 ▼ 0.06% USD/HNL 26.78 ▼ 0.01% USD/NIO 36.62 — 0.00% USD/VES 755.65 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.29 ▲ 0.24% USD/TTD 6.68 ▲ 0.55% EUR/BRL 5.89 ▲ 0.22% BRENT 85.84 ▲ 2.74% WTI 80.39 ▲ 2.83% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.66% GOLD 4,398 ▲ 1.32% SILVER 64.63 ▲ 2.04% SOY 1,179 ▲ 1.92% CORN 461.75 ▲ 5.18% WHEAT 646.75 ▲ 1.09% COFFEE 335.90 ▲ 0.10% SUGAR 16.41 ▼ 0.24% ORANGE JUICE 147.10 ▲ 3.19% COTTON 84.60 ▲ 1.66% COCOA 5,830 ▲ 0.83% BEEF 227.00 ▼ 2.03% CATTLE 345.60 ▼ 1.72% LITHIUM 74.67 ▲ 0.89% PETR4 41.57 ▲ 1.71% VALE3 75.31 ▲ 0.45% ITUB4 40.45 ▼ 0.74% BBDC4 17.09 ▼ 1.27% ABEV3 15.29 ▼ 1.23% BBAS3 20.13 ▲ 0.35% B3SA3 14.75 ▼ 1.34% WEGE3 47.91 ▼ 0.44% PRIO3 59.68 ▲ 3.88% SUZB3 41.30 ▼ 0.96% RENT3 36.56 ▼ 3.33% AZZA3 16.70 ▼ 1.82% CSAN3 3.61 ▼ 1.63% RAIZ4 0.27 ▲ 3.85% PCAR3 2.83 ▼ 3.08% GMAT3 3.65 ▼ 2.14% PSSA3 50.10 ▼ 0.63% CVCB3 1.47 ▼ 3.29% POSI3 3.44 ▼ 2.55% SLCE3 13.35 ▲ 0.98% NATU3 8.20 ▼ 0.97% BRKM5 5.88 ▼ 1.01% RANI3 8.16 ▼ 0.80% CSNA3 4.54 ▼ 0.66% CMIN3 5.38 ▼ 1.28% USIM5 7.20 ▲ 0.70% GGBR4 25.27 ▲ 0.88% ENEV3 25.63 ▼ 2.10% CPFE3 44.11 ▼ 1.54% CMIG4 10.68 ▼ 2.20% EQTL3 36.56 ▼ 1.93% LREN3 12.10 ▼ 2.34% VIVT3 30.37 ▼ 0.69% RAIL3 13.36 ▼ 1.69% KLABIN 17.91 ▼ 0.56% RAIA DROGASIL 19.62 ▼ 2.97% RDOR3 33.80 ▼ 0.35% HAPV3 10.59 ▼ 1.67% FLRY3 18.59 ▼ 1.90% SMTO3 14.94 ▲ 1.15% UGPA3 31.04 ▼ 0.77% VBBR3 33.56 ▼ 1.96% BBSE3 38.40 ▲ 0.05% BPAC11 53.80 ▲ 1.25% CURY3 30.96 ▼ 1.28% AERI3 2.32 ▲ 1.31% VIVARA 21.54 ▼ 0.42% COMPASS 22.59 ▼ 1.05% VAMOS 2.96 ▼ 3.90% SANB11 29.45 ▲ 0.62% ASAI3 8.12 ▼ 1.46% SBSP3 26.55 ▼ 1.26% WALMEX 48.96 ▼ 1.03% GMEXICO 223.82 ▼ 0.43% FEMSA 207.54 ▼ 1.00% CEMEX 19.56 ▲ 0.10% GFNORTE 198.50 ▼ 0.64% BIMBO 61.01 ▼ 0.23% TELEVISA 9.77 ▲ 0.10% AMX 20.29 ▼ 0.69% GAP 374.28 ▼ 1.83% ASUR 271.31 ▼ 1.94% OMA 230.81 ▼ 2.27% KOF 187.20 ▼ 1.01% GRUMA 253.12 ▼ 0.70% KIMBER 40.27 ▼ 1.20% SQM-B 66,210 ▲ 0.64% COPEC 6,140 ▲ 0.41% BSANTANDER 80.47 ▲ 0.39% FALABELLA 6,500 ▲ 0.47% ENELAM 87.40 — 0.00% CENCOSUD 2,048 ▼ 0.11% CMPC 1,043 ▲ 1.24% BANCO CHILE 189.10 ▲ 0.24% LATAM AIR 25.26 ▼ 2.09% YPF 7,960 ▲ 2.38% GGAL 7,245 ▼ 0.96% PAMPA 5,175 ▼ 0.58% TXAR 731.00 ▲ 2.17% ALUAR 925.00 ▼ 1.02% TGS 9,275 ▲ 1.53% CEPU 2,184 ▼ 1.09% MIRGOR 1,615 ▼ 0.92% COME 41.53 ▲ 0.53% LOMA NEGRA 3,230 ▼ 1.07% BYMA 289.00 ▼ 0.69% TELECOM ARG 4,383 ▲ 0.06% ECOPETROL 17.22 ▲ 2.62% BANCOLOMBIA 89.88 ▲ 1.15% GRUPO AVAL 5.30 ▲ 4.74% CREDICORP 384.00 ▼ 0.76% SOUTHERN COPPER 200.72 ▲ 0.83% BUENAVENTURA 34.14 ▼ 0.04% MERCADOLIBRE 1,840 ▲ 1.06% NUBANK 13.88 ▲ 0.25% XP 16.10 ▼ 0.86% PAGSEGURO 9.04 ▼ 1.15% STONE 10.44 ▼ 1.51% GLOBANT 37.42 ▲ 0.05% TECNOGLASS 42.74 ▼ 3.17% GAP AIRPORT 216.12 ▼ 2.95% ASUR 271.31 ▼ 1.94% OMA AIRPORT 106.64 ▼ 3.44% AMX ADR 23.57 ▼ 0.76% FEMSA ADR 120.52 ▼ 1.59% CEMEX ADR 11.38 ▲ 0.44% PETROBRAS ADR 18.14 ▲ 1.00% VALE ADR 14.75 ▲ 0.24% ITAU ADR 7.90 ▼ 0.50% SANTANDER BR 5.83 ▲ 0.34% AMBEV ADR 2.96 ▼ 1.33% CSN 0.91 ▼ 1.63% GERDAU 4.98 ▲ 0.71% LATAM ADR 55.32 ▼ 2.47% BTC 64,747 ▼ 0.15% ETH 1,897 ▼ 0.59% SOL 76.53 ▲ 0.42% XRP 1.03 ▼ 0.01% BNB 601.47 ▼ 0.05% ADA 0.20 ▲ 0.82% DOGE 0.07 ▲ 0.96% AVAX 6.54 ▲ 1.96% LINK 8.31 ▲ 1.65% DOT 0.82 ▲ 2.30% LTC 45.46 ▲ 0.12% BCH 214.87 ▲ 0.16% TRX 0.33 ▲ 0.40% XLM 0.16 ▲ 0.31% HBAR 0.07 ▼ 0.23% NEAR 1.65 ▲ 3.25% ATOM 1.39 ▲ 1.23% AAVE 90.90 ▲ 0.39% SELIC 14.00% EMBRAER 98.70 ▲ 6.68% EMBRAER ADR 77.02 ▲ 5.49% JBS 13.79 ▼ 3.13% JBS BDR 70.32 ▼ 2.46% MBRF3 15.81 ▼ 1.62% MBRFY 3.10 ▼ 0.64% INTER 5.32 ▲ 0.95% EGX 54,876 ▼ 0.45% USD/ZAR 16.17 ▲ 0.28% USD/NGN 1,359 ▼ 0.24% NIKKEI 66,970 ▲ 2.08% CSI300 4,702 ▲ 0.16% HSI 25,937 ▲ 1.05% NIFTY 24,584 ▲ 0.05% KOSPI 6,300 ▲ 0.65% JCI 6,365 ▼ 0.69% USD/JPY 158.87 ▲ 0.71% USD/CNY 6.7341 ▼ 0.05% DAX 26,333 ▲ 0.05% CAC 8,704 ▼ 0.13% FTSE 10,835 ▼ 0.60% MIB 53,656 ▼ 0.11% IBEX 20,178 ▲ 0.01% STOXX 659.49 ▼ 0.12% EUR/USD 1.1554 ▼ 0.07% GBP/USD 1.3515 ▲ 0.16% SPX 7,766 ▲ 0.11% DJI 53,965 ▼ 0.13% NDX 29,754 ▲ 0.11% RUT 3,028 ▼ 0.23% TSX 36,409 ▲ 0.08% VIX 15.21 ▲ 2.08% USD/CAD 1.3945 ▲ 0.06% US10Y 4.6860 ▲ 0.56%
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Anti-Corruption Law in Effect This Year

By · June 15, 2010 · 3 min read

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By Jaylan Boyle, Senior Contributing Reporter

RIO DE JANEIRO – For the 1.6 million Brazilians who put their names to the “Ficha Limpa” (Clean Record) petition, the news last week was just what they had been waiting for: the Federal Election Board (“Tribunal Superior Eleitoral” – TSE) finally ruled that the newly passed law to help prevent corruption in government will be applicable in this year’s October general election.

Senator and former President Jose Sarney, currently under investigation for fraud, photo by José Cruz/ABr.
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Law 9840 prevents candidates who have been convicted of any one of a range of crimes, including electoral fraud, from running for public office. The law passed unanimously through the senate on May 19th, and was ratified by President Luis Inacio da Silva.

Last week the law passed a final hurdle when by a vote of six to one the Federal Election Board, which is actually a court composed of judges that has enforceable power, upheld the applicability of the law to October’s elections.

Had the law failed to make it past this panel, the act could have been significantly derailed, opening the door to further challenges from opposing parties.

Electoral fraud has persistently dogged Brazilian politics over the years, and public office has become something of a haven for those with criminal records (of which there are many), largely because the Brazilian constitution makes it extremely difficult to prosecute accused officials.

Though there are frequent Parliamentary Investigation Commissions convened to look into infractions by officials, Brazilians remain cynical as to their efficacy, since prosecution, or even removal from office, rarely results.

Public dissatisfaction with the way Brazilian politics is conducted first gained momentum after the 1996 general election, which was infamous for accusations of vote-buying by several parties.

32nd President of Brazil Fernando Collor, who was impeached and removed from office, yet never convicted, of electoral fraud, photo by Radiobras/Agencia Brasil.

This election is widely acknowledged as one of the most distorted in Brazilian history, and led to the formation of the Brazilian Commission For Justice And Peace (CBPJ) in 1999, which continued a call for change from the National Conference of Brazilian Bishops. One of the commission’s stated aims was to try to change the fact that so much fraud in politics passes without much protest from voters, due in part to it’s regularity.

When more than 1.6 million signatures arrived on the doorstep of Congress in September last year, endorsed by the Movement Against Electoral Corruption (MCCE), Law 9840 predictably met with stern resistance in government, as it presented a clear threat to many in office.

Initially the act was pushed aside, but in an election year heightened public pressure ensured that the law was moved rapidly through, even if the final draft is a rather diluted version of the original.

For example, the new law states that an offender can only be made ineligible for public office having been convicted by a court as opposed to a single judge. This process can, of course, take a long time.

Additionally, anyone convicted before June 4th of this year when the Ficha Limpa law was approved, can still run for election, somewhat leaving the future in better shape than the present.

The range of offenses that fall under Law 9840 includes intentional crime (such as drug trafficking), financial and environmental crime, administrative crime including electoral fraud, and ethical offenses. Those who give up their mandate prior to an election to avoid prosecution are also declared ineligible to run for office for eight years.

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