The Brazil Securities Commission (CVM) accepted a BRL 180,000 settlement with Diego Paixão Nossa Villar, chief executive officer of Moura Dubeux Engenharia S.A., resolving an administrative enforcement proceeding concerning an alleged improper share sale before the release of financial information. The proceeding examined Villar’s sale of 15,000 Moura Dubeux common shares on July 29, 2025, ahead of the company’s release of second-quarter 2025 financial information on Aug. 13, 2025. The conduct was investigated as a possible breach of Article 14 of CVM Resolution 44. The CVM board approved the agreement after its settlement committee recommended acceptance and the agency’s federal attorney found no legal impediment.
Brazil Securities Commission accepts BRL 180,000 settlement over alleged pre-results share sale
The Brazil Securities Commission accepted a BRL 180,000 settlement with Moura Dubeux chief executive Diego Paixão Nossa Villar. The case concerned his alleged improper sale of 15,000 company shares before the release of second-quarter 2025 financial information.