The Brazil Securities Commission (CVM) will hold a judgment session in Administrative Sanctioning Proceeding PAS 19957.001450/2022-62 to assess the potential liability of Alexandre Silva Melo and Felipe Medici Toscano for alleged irregular management of securities portfolios and for an alleged fraudulent operation in the securities market. The proceeding covers possible breaches of Article 3 of CVM Instruction 306 and Article 2 of CVM Instruction 558, read together with Article 23 (caput) of Law 6,385, as well as a possible breach of Items I and II(c) of CVM Instruction 8. The session is scheduled for 14 October from 15:00 and will be open to the public, with the option to attend in person at CVM headquarters in Rio de Janeiro or follow via videoconference. If neither the accused nor their appointed representatives indicate an intention to participate, the judgment will be conducted in a restricted format through electronic voting. The reporting director’s report is published with a note that it may be amended after the judgment session.
Brazil Securities Commission (CVM) 2025-10-13
Brazil Securities Commission schedules judgment in case against Alexandre Silva Melo and Felipe Medici Toscano over alleged irregular portfolio management and market fraud
The Brazil Securities Commission (CVM) will hold a judgment session on 14 October to evaluate Alexandre Silva Melo and Felipe Medici Toscano's potential liability for alleged irregular securities portfolio management and a fraudulent market operation. The session will address possible breaches of CVM Instructions 306, 558, and 8, and Law 6,385. The session is public, with attendance options at CVM headquarters or via videoconference.