Brazilian Securities Commission hears sanctioning proceedings on fraudulent trading and artificial market conditions

On September 8, the Brazilian Securities and Exchange Commission (CVM) held a judgment session on administrative sanctioning proceedings involving Brazil Realty FII. One case concerns an alleged fraudulent transaction in the fund’s third issuance of units, combined with breaches of fiduciary and disclosure duties and obstruction of supervision; another addresses the creation of artificial conditions of demand, supply or price in the transfer of units of the same fund.

Read the full article: Comissão de Valores Mobiliários (CVM)

Photo: Canva

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