The Brazil Securities Commission accepted a settlement proposal from Inter Distribuidora de TÃtulos e Valores Mobiliários Ltda., Eduardo Valladares Cotta and Thiago Garrides Cabral de Lima in Administrative Proceeding 19957.009090/2025-90, closing the matter before any sanctioning proceeding is formally opened. The agreement requires BRL 800,000 in payments and an independent auditor's report on the distributor's internal procedures for complying with CVM Resolution 32, aimed at reasonably ensuring the effective correction of the conduct identified in Technical Opinion 109. Under the settlement, Inter DTVM will pay BRL 400,000, while Cotta and Lima will each pay BRL 200,000. The CVM's legal office found no legal obstacle to the agreement, and the Settlement Committee recommended acceptance after negotiations. The case was opened by the Superintendence of Relations with the Market and Intermediaries to investigate an alleged failure to perform duties with due diligence and loyalty in light of investors' interests, a possible breach of Article 13(I) of CVM Resolution 32.
Brazil Securities Commission (CVM)2026-07-06
Brazil Securities Commission accepts BRL 800,000 settlement with Inter DTVM and two executives
The Brazil Securities Commission accepted a settlement with Inter DTVM and two statutory directors in an administrative case that could have led to sanctioning proceedings. The deal requires BRL 800,000 in payments and an independent auditor's report on the firm's procedures for complying with CVM Resolution 32. The underlying case concerns an alleged failure to act with due diligence and loyalty toward investors' interests.