The Brazilian Securities and Exchange Commission (CVM) will hold a hearing on Sept. 1 from 3 p.m. to consider two administrative enforcement proceedings. One concerns allegations that four defendants breached their duty of diligence when acquiring assets for the FI BRA1 fund and carried out a fraudulent securities market transaction. The other examines KPMG Auditores Independentes Ltda.’s alleged noncompliance with Article 31 of CVM Resolution 23.
2026-08-31Brazil Securities Commission (CVM)
Brazilian Securities and Exchange Commission to hear enforcement cases involving alleged fund management, market fraud and audit violations
The Brazilian Securities and Exchange Commission will hear two administrative enforcement cases on Sept. 1. The proceedings concern alleged diligence and market fraud violations involving the FI BRA1 fund and alleged regulatory noncompliance by KPMG Auditores Independentes.