The Brazil Securities Commission (CVM) Board accepted a proposed settlement agreement (Termo de Compromisso) with Alberto Mario Griselli in Administrative Process CVM 19957.008687/2024-36, opened ahead of any potential sanctioning proceeding. The agreement includes a payment of BRL 131,058.28 to the CVM. The case, initiated by the Corporate Relations Superintendence, examines Griselli’s alleged trading in TIM S.A. ordinary shares before disclosure of the company’s first-quarter 2024 Quarterly Information Form, a potential breach of Article 14 of CVM Resolution 44. The CVM’s Federal Specialized Attorney’s Office found no legal impediment to the settlement, and the Commitment Term Committee recommended acceptance after negotiations.
Brazil Securities Commission (CVM) 2025-05-27
Brazil Securities Commission accepts BRL 131,058.28 settlement with TIM executive Alberto Mario Griselli over alleged pre-disclosure share trading
The Brazil Securities Commission (CVM) accepted a settlement with Alberto Mario Griselli, involving a payment of BRL 131,058.28, in Administrative Process CVM 19957.008687/2024-36. The case concerns Griselli's alleged trading in TIM S.A. shares before the disclosure of the company's first-quarter 2024 Quarterly Information Form, potentially breaching Article 14 of CVM Resolution 44. The settlement was recommended by the Commitment Term Committee and found legally unobstructed by the CVM’s Federal Specialized Attorney’s Office.