The Brazil Securities Commission (CVM) will hold a judgment session on 26 August 2025 at 15:00 in Administrative Sanctioning Proceeding (PAS) 19957.009486/2023-75, examining the responsibilities of Vebcap Securitizadora de Ativos S.A, Alessandro Jovaneli de Mello and Osvaldo Nogueira Araújo Filho for an alleged public offering of securities without registration or an applicable waiver and for an alleged fraudulent operation in the securities market. The case concerns a suspected breach of the registration requirement in Article 19 of Law 6,385 and Article 2 of CVM Instruction 400, as well as the absence of the waiver contemplated in Article 19, paragraph 5 of the same law and Article 4 of CVM Instruction 400. It also covers a possible violation of CVM Instruction 8 relating to fraudulent operations (item I in conjunction with item II, letter "c"). The session will be open to the public and held in person at CVM’s headquarters, with the option to follow by videoconference. If none of the accused or their appointed counsel indicate an intention to participate, the judgment will be conducted in a restricted format through electronic voting. CVM noted that the reporting director’s report made available ahead of the session may be amended after the judgment.
Brazil Securities Commission (CVM) 2025-08-25
Brazil Securities Commission schedules judgment session on alleged unregistered public offering and fraudulent securities market operation
The Brazil Securities Commission (CVM) will hold a judgment session on 26 August 2025 to assess allegations against Vebcap Securitizadora de Ativos S.A and two individuals for an unregistered public offering and fraudulent securities operations. The case involves potential breaches of Article 19 of Law 6,385 and CVM Instruction 400, alongside violations of CVM Instruction 8. The session will be public, with options for in-person attendance or videoconference, and may proceed with electronic voting if the accused do not participate.