The Brazil Securities Commission (CVM) will hold a hearing on Aug. 25 covering five administrative enforcement proceedings. The cases involve alleged unlicensed securities portfolio management, creation of artificial market demand, supply or prices, an unregistered public securities offering, financial reporting failures and investment fund rule violations. The proceedings concern Alan da Silva Neres and AN Assessoria e Mentoria, MMS Participações and two individuals, five former or current Oi directors in connection with the company’s 2015 and 2016 financial statements, Infinite Trade, and BNY Mellon Serviços Financeiros DTVM, FL Gestora de Recursos and two individuals. The public hearing is scheduled to begin at 3 p.m., but may be conducted through restricted electronic voting if no defendant or representative intends to participate.
2026-08-24Brazil Securities Commission (CVM)
Brazil Securities Commission schedules Aug 25 hearing on five enforcement cases
The Brazil Securities Commission will hear five administrative enforcement cases on Aug. 25. The alleged violations include unlicensed portfolio management, artificial market conditions, an unregistered securities offering, financial reporting failures and investment fund rule breaches.