The Brazil Securities Commission (CVM) concluded an administrative sanctioning proceeding and found Pedro Henrique Cruzeiro Rabelo liable for irregularly carrying out securities portfolio management, imposing a temporary 60-month prohibition on acting in any modality of the Brazilian securities market. The case was opened by the Superintendence of Sanctioning Proceedings to assess alleged breaches of Article 23, paragraph 1 of Law 6,385 and Article 2 of CVM Instruction 558. The CVM Board unanimously followed Reporting Director João Accioly’s vote, while Director Marina Copola did not participate due to an institutional engagement. The sanctioned individual may appeal to the National Financial System Appeals Council.
Brazil Securities Commission (CVM) 2025-04-29
Brazil Securities Commission imposes 60-month market ban on Pedro Henrique Cruzeiro Rabelo for unauthorised portfolio management
The Brazil Securities Commission (CVM) has imposed a 60-month ban on Pedro Henrique Cruzeiro Rabelo for irregular securities portfolio management. The decision followed a unanimous vote by the CVM Board, excluding Director Marina Copola due to an institutional engagement. Rabelo may appeal to the National Financial System Appeals Council.