The Brazil Securities Commission (CVM) announced a judgment session from 15:00 on 5 August 2025 to decide two administrative sanctioning proceedings, both of which had begun earlier but were suspended following a request for review by Director João Accioly. One case (PAS 19957.008804/2023-81) involves Pricewaterhousecoopers Auditores Independentes Ltda. and Marcos Paulo Putini and examines alleged irregularities in the independent audit of the financial statements of the real estate investment fund FII Torre Almirante for the 31 December 2019 and 31 December 2020 reporting dates. The other (PAS 19957.004388/2023-41) involves Bluebenx Tecnologia Financeira S.A. and four individuals and concerns alleged responsibility for a fraudulent operation in the securities market and a public offering of securities without registration or an exemption, with potential violations cited under CVM Resolution 62, Law 6.385, and CVM Instruction 400. The session is open to the public, with in-person attendance at CVM headquarters and remote access via videoconference. If none of the defendants or their legal representatives indicate an intention to participate, the judgment will be conducted in a restricted format through electronic voting, and the published case reports may be amended after the session.
Brazil Securities Commission (CVM) 2025-08-04
Brazil Securities Commission to hold 5 August judgment session on PwC audit of FII Torre Almirante and Bluebenx alleged fraud case
The Brazil Securities Commission (CVM) will hold a public judgment session on 5 August 2025 to decide on two administrative sanctioning proceedings. One case involves Pricewaterhousecoopers Auditores Independentes Ltda. and alleged audit irregularities, while the other concerns Bluebenx Tecnologia Financeira S.A. and alleged securities fraud. The session will proceed with electronic voting if defendants do not participate.