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CVM accepts commitment term with Vice President of a company

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Process clears evidence of stock trading in a prohibited period

Gustavo Chaves Barros de Oliveira, as Vice President of Strategic Affairs at HAPVIDA Participações e Investimentos SA, submitted a proposal for a Term of Commitment to the Securities and Exchange Commission (CVM) to close the CVM SEI Administrative Process 19957.002688 / 2020-43.

Upon analyzing the case, the Specialized Federal Attorney’s Office (PFE-CVM) concluded that there is no legal impediment to carrying out the agreement.

After negotiations with the Term of Commitment Committee (CTC), the bidder has committed to pay CVM the amount of R $ 200,000.00.

Therefore, the CTC suggested accepting the proposal.

The CVM Board followed the CTC and accepted the Term of Commitment with Gustavo Chaves Barros de Oliveira.

More information

THE Administrative Process CVM SEI 19957.002688 / 2020-43 was initiated by the Superintendence of Relations with the Market and Intermediaries (SMI), which found indications that Gustavo Chaves Barros de Oliveira had traded shares in HAPVIDA Participações e Investimentos SA three days before the disclosure of a Material Fact by the company (in possible violation of the prohibition) provided for in the caput of article 13 of CVM Instruction 358).

Access the opinion of the Commitment Term Committee.

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Regulator Information

Abbreviation: CVM
Jurisdiction: Brazil

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