The Brazil Securities Commission published its enforcement activity report for the second quarter of 2026, showing 1,023 administrative proceedings with potential sanctions in progress across eight technical departments at the end of June. During the quarter, the departments opened 19 investigative procedures and concluded 15 proceedings with charges, which advanced to sanctioning proceedings for adjudication or potential settlement. The commission issued 43 warning letters and two stop orders, while its board adjudicated four cases under the simplified procedure. It approved settlements covering 10 cases and 16 proponents, with payments totaling BRL 6.73 million for collective damages. The commission also made 15 referrals to state and federal prosecutors concerning suspected crimes, including unauthorized professional activity, fraudulent management of a financial institution and market manipulation.
2026-09-09Brazil Securities Commission (CVM)
Brazil Securities Commission reports 1,023 potential enforcement cases and BRL 6.73 million in second quarter settlements
The Brazil Securities Commission reported 1,023 potential enforcement proceedings in progress at the end of June 2026, with 15 cases advancing to sanctioning proceedings during the second quarter. It also issued 43 warning letters and two stop orders, and approved BRL 6.73 million in settlements covering 10 cases.