The Brazil Securities Commission (CVM) has scheduled a hearing session for Nov. 10 at 2 p.m. to consider two administrative enforcement cases. One concerns alleged securities market fraud and related failures by financial intermediaries and service providers. The other examines the potential responsibility of six Renova Energia S.A. board members for approving a capital increase through the capitalization of credits.
The fraud case will resume after proceedings began on Oct. 13, 2026, and were suspended following Acting Director Felipe Claret da Mota’s request to review the case. Alongside the alleged fraud, the proceeding examines possible deficiencies in preparing credit ratings and breaches of the lead intermediary’s duties. It also concerns possible failures by fiduciary administrators to oversee investment managers.