The Brazil Securities Commission (CVM) accepted two settlement agreements involving alleged misconduct in the securities market, with the respondents committing to pay a combined BRL 588,000. The agreements resolve one administrative sanctions proceeding and one investigation before the potential opening of sanctions proceedings. Rodrigo Fernandes Dalago da Cruz, then commercial retail vice president of Pet Center Comércio e Participações, will pay BRL 180,000 to settle allegations that he sold company shares before the release of its 2024 financial statements. Rony Susskind will pay BRL 408,000 to resolve an investigation into potential price manipulation in trading of real estate investment fund units.
2026-09-16Brazil Securities Commission (CVM)
Brazil Securities Commission accepts two settlement agreements totaling BRL 588,000
The Brazil Securities Commission accepted two settlement agreements totaling BRL 588,000. The cases concern alleged share sales before the release of financial statements and potential price manipulation involving real estate investment fund units.