The Brazil Securities Commission (CVM) will hold a judgment session on 20 May from 15:00 in an administrative sanctioning proceeding assessing the alleged liability of Bluebenx Tecnologia Financeira S.A. and Roberto de Jesus Cardassi, William Tadeu Batista Silva, Renato Sanchez Gonzalez Junior and Andre Massao Onomura for a suspected fraudulent operation in the securities market and an alleged public offering carried out without registration or a waiver. The alleged conduct is framed as possible breaches of CVM Resolution 62, Article 3 in conjunction with Article 2(III), Article 19 of Law 6,385, and Articles 2 and 4 of CVM Instruction 400. The session will be open to the public and held in person at CVM headquarters, with a videoconference option, but will be conducted on a restricted basis via electronic voting if none of the respondents or their counsel indicate an intention to participate. Director Otto Lobo’s report has been made available and may be amended after the judgment session.
Brazil Securities Commission (CVM) 2025-05-19
Brazil Securities Commission schedules 20 May judgment in Bluebenx alleged fraud and unregistered public offering case
The Brazil Securities Commission (CVM) will hold a judgment session on 20 May to assess Bluebenx Tecnologia Financeira S.A. and individuals for suspected fraudulent operations and unregistered public offerings. The proceedings involve potential breaches of CVM Resolution 62 and other regulations. The session will be public, with options for in-person or videoconference attendance, and will proceed with electronic voting if no respondents participate.