Brazil's Securities Commission said Tuesday it is fining Credit Suisse 26.4m Brazilian reais (€11.7m) for insider trading and influencing local markets.

Fines were imposed on Credit Suisse International and on Credit Carteira Propria, a local Credit Suisse investment fund, for their involvement in sale in the control of energy transmission company Terna Participacoes to energy generator Companhia Energetica de Minas Gerais, or Cemig, CVM said following a judgement.