The Brazil Securities Commission (CVM) Board accepted a settlement agreement (Termo de Compromisso) proposed by Daniella de Souza Guanabara Santos, in her capacity as investor relations director of Allos S.A., in administrative sanctioning proceeding PAS 19957.016052/2024-11. Under the agreement, she committed to pay BRL 470,000 to the CVM. The proceeding was opened by the Superintendence of Corporate Relations (SEP) to examine alleged failure to disclose a material fact on a timely basis following media coverage containing information not yet disclosed to the market about ongoing negotiations to acquire a shopping centre, alongside atypical trading in the company’s shares observed on 25 and 26 April 2024. The matter involved potential breaches of Article 157, paragraph 4 of Law 6.404 and Articles 3 (caput and paragraph 3) and 6 (sole paragraph) of CVM Resolution 44. The Federal Specialized Attorney’s Office at the CVM found no legal impediment to the settlement, and the Settlement Committee recommended acceptance after negotiations, which the Board endorsed.
Brazil Securities Commission (CVM) 2025-07-02
Brazil Securities Commission accepts BRL 470,000 settlement with Allos investor relations director over alleged late disclosure of material fact
The Brazil Securities Commission (CVM) accepted a settlement with Daniella de Souza Guanabara Santos, investor relations director of Allos S.A., involving a payment of BRL 470,000. This resolves an administrative proceeding over alleged failure to timely disclose material information about negotiations to acquire a shopping centre, linked to unusual trading activity in April 2024. The Settlement Committee recommended the agreement, and the Federal Specialized Attorney’s Office at the CVM found it legally permissible.