BR
Comissão de Valores Mobiliários (CVM)
Brazilian securities and exchange commission linked to the Ministry of Finance.
REGULATOR PROFILE
- Regulator: Comissão de Valores Mobiliários (CVM)
- Jurisdiction: BR
- Statutory Role: Brazilian securities and exchange commission linked to the Ministry of Finance.
- Indexed Cases: 2 enforcement actions in this jurisdiction.
PRIMARY ENFORCEMENT ACTIONS IN BR
2 ACTIONS| Case Title | Status | Primary Scheme | Overstatement | Total Penalties | Action Date |
|---|---|---|---|---|---|
| Americanas S.A.: R$20B Off-Balance-Sheet Supplier Risk Financing | ALLEGED | undisclosed related party transactions | $4.1B | $0 | September 20, 2025 |
| Petrobras: $2.5B Capitalized Contractor Bribes and Cartel Overpayments | SETTLED | capitalising operating expenses | $2.5B | $1.8B | September 20, 2017 |