# Tag: securitization

- [After board clash, PDG removes Tiso from securitization unit, expands Giarelli’s powers](https://brazilstockguide.com/insights/after-board-clash-pdg-removes-tiso-from-securitization-unit-expands-giarellis-powers/) (2026-08-04): Former CEO loses three executive roles and a board seat at the group company; bylaw change gives Roberto Giarelli sole-signature authority.
- [BTG Pactual Battles Brazil’s Social Security Agency Over Blocked Master Payroll Loans](https://brazilstockguide.com/insights/btg-pactual-inss-payroll-loans-dispute/) (2026-02-02): Dispute highlights legal and regulatory risks in Brazil’s tightly controlled payroll-deducted lending market after auditors flag widespread suspected fraud.