The Brazil Securities Commission (CVM) Board accepted a Termo de Compromisso settlement proposal from Carlos Alberto Bezerra de Moura, in his capacity as investor relations director of Raízen S.A., closing Administrative Sanctioning Proceeding PAS 19957.008609/2024-31. The Federal Specialized Prosecutor’s Office at the CVM found no legal impediment to the agreement. After the Commitment Term Committee (CTC) rejected an initial proposal, the proponent requested reconsideration and submitted a revised offer committing to pay BRL 330,000 to the CVM; the CTC deemed acceptance timely and convenient and the Board followed its recommendation. The proceeding, opened by the Corporate Relations Superintendence (SEP), concerns the alleged disclosure in a 5 October 2023 market announcement of inconsistent and imprecise information that could potentially mislead investors, which may constitute a breach of Articles 15 and 16 of CVM Resolution 80.
Brazil Securities Commission (CVM) 2025-04-09
Brazil Securities Commission accepts BRL 330,000 settlement with Raízen investor relations director to close enforcement case
The Brazil Securities Commission (CVM) Board accepted a settlement proposal from Carlos Alberto Bezerra de Moura, investor relations director of Raízen S.A., closing Administrative Sanctioning Proceeding PAS 19957.008609/2024-31. The settlement, involving a payment of BRL 330,000, follows a revised offer after initial rejection by the Commitment Term Committee. The proceeding addressed alleged misleading information in a market announcement, potentially breaching CVM Resolution 80.