Two executives were accused of price-fixing in sanctions proceedings launched in 2024. The charges stem from a complaint filed with the CVM in May 2023 about the creation of artificial supply and demand conditions and possible price manipulation in negotiations regarding shares issued by “small caps” on the stock exchange.
The proponents initially proposed a payment of R$346,000 to complete the process, but the Commitment Term Committee (CTC), the CVM body that evaluates proposals, understood that the amount could be adjusted to R$1.4 million. This amount was then proposed by management and accepted by both the committee and the CVM board.
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