The Brazil Securities Commission rejected a proposed settlement that would have ended an administrative sanctioning proceeding against João Carlos Falbo Mansur and Rodolfo Turelli, respectively the chief executive officer and chief financial officer of REAG Capital Holding S.A. The CVM board followed the recommendation of its settlement committee, which concluded that accepting the deal was not appropriate because the case could not, at this stage, be separated from other ongoing CVM cases and procedures involving the REAG group and related parties. The legal office attached to the regulator had found no legal impediment to a settlement. The underlying case was opened by the Superintendence of Corporate Relations after REAG Capital Holding allegedly failed to disclose its full annual financial statements and standardized financial statements for the 2024 financial year and failed to prepare quarterly information forms for the first and second quarters of 2025, raising possible breaches of Article 176 of Brazil's Corporations Law and Article 31 of CVM Resolution 80.
Brazil Securities Commission (CVM)2026-05-26
Brazil Securities Commission rejects settlement proposal with REAG Capital Holding executives over reporting failures
The Brazil Securities Commission rejected a proposed settlement in an administrative proceeding against the CEO and CFO of REAG Capital Holding S.A., after its settlement committee found the case inseparable from other ongoing proceedings involving the REAG group and related parties. The case concerns alleged failures by REAG Capital Holding to disclose full annual and standardized financial statements for 2024 and to prepare quarterly information forms for the first and second quarters of 2025, potentially breaching Article 176 of Brazil’s Corporations Law and Article 31 of CVM Resolution 80.