The Brazil Securities Commission will hold a judgment session at 15:00 on 17 June in Administrative Sanctioning Proceeding PAS 19957.001918/2024-81 to assess the potential responsibility of Romes Gonçalves Ribeiro. The case concerns allegations that he accepted a role in a company considered a competitor in a conflict-of-interest situation and omitted information about a formal link with a competitor of the company, in alleged breach of provisions of Law 6,404, Law 13,303 and related duties. The session is open to the public and will take place in person at the CVM’s headquarters, with the option to follow by videoconference. If none of the accused or their appointed counsel indicates an intention to participate, the session will be restricted and decided through voting in an electronic system. The report made available with the announcement may be amended after the judgment session.
Brazil Securities Commission (CVM) 2025-06-16
Brazil Securities Commission schedules sanctioning judgment in conflict-of-interest case involving Romes Gonçalves Ribeiro
The Brazil Securities Commission (CVM) will hold a public judgment session on 17 June to assess Romes Gonçalves Ribeiro's potential breach of conflict-of-interest laws. The case involves allegations of accepting a role with a competitor and omitting information about a formal link with a competitor, violating Law 6,404 and Law 13,303. The session will be held at CVM's headquarters with an option for videoconference participation.