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CVM rejects agreement in supposed case of financial pyramid

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This post was translated by Regulatory.News for informational purposes only; the content below is not an official translation from the regulator. See the content in its original language here.

The Board of the Brazilian Securities Commission (CVM) examined at a meeting of 14/12/2021  Declaration of Commitment proposals of the following process s  Administrative s  Sanctioning s  (PAS):   

  1. PA S  SEI  19957.002344/2021-15 : Vinícius Loureiro Ibraim .   
  2. PA S  SEI  19957.005174/2019-14 : Alex da Silva Jorge, Carlos Maurício da Silva Maduro, Cristiane d e Souza Veiga, Gustavo Adolfo Magalhães Machado, João Pedro Cerva Themudo  and  Luiz Felipe Ribeiro Barbosa .   

3 . PA S  SEI  19957.007433/2020-77 : Exponential Solutions Training and Administration Ltda.,  Skoben Capital Participações Ltda.,  Maico Buge Kautsky and Frederico Almeida Saleme do Valle .      

Know the cases 

  1. Vinícius Loureiro Ibraim  presented a proposal for a term of commitment to close the  PAS SEI 19957.002344/2021-15 .  

The  Specialized Federal Attorney at the Autarchy (PFE-CVM) concluded that there was a legal impediment to the execution of the agreement , in view of the damages pointed out by the technical area .  

In analyzing the case, the  Committee  Commitment Term (CEC) did not find it convenient  or appropriate  to enter into  the agreement, considering  that the proposal does not address the loss indemnity provision at the individual level in theory caused, as well as diffuse damage 

The Collegiate followed the  CTC  and  rejected the agreement  with  Vinícius Loureiro Ibraim .  

More information 

The  PAS SEI 19957.002344 / 2021-15  was established  by the  Superintendency of Investor Institutional Supervision (SIN) to investigate alleged  exercise of management activities of securities portfolios without registration with the CVM ( offense, in theory, the s art s .  23 , of Law 6.385/76, and 2, of CVM Resolution 21) .     

Access the  opinion of the Term of Commitment Committee. 

  1. Alex da Silva Jorge, Carlos Maurício da Silva Maduro, Cristiane de Souza Veiga, Gu stavo Adolfo Magalhães Machado and  João Pedro Cerva  Themudo  feature coffee plow  proposed  joint  commitment term , and Luiz Felipe Ribeiro Barbosa , individual , for terminating r the  PAS SEI 19957.005174/2019-14 .    

The Specialized Federal Attorney at the Autarchy (PFE-CVM) concluded that there was no legal impediment to the execution of the agreement. 

Upon analyzing the case,  the Term of Commitment Committee (CTC)  understood that  it would not  be convenient and opportune to accept the proposal ,  since, despite the negotiation attempts,  the proposed values  were  very far from what would be the adequate and sufficient counterpart to discourage similar practices .   

The Board followed the CTC and  rejected  the agreement with Alex da Silva Jorge, Carlos Maurício da Silva Maduro, Cristiane de Souza Veiga, Gu stavo Adolfo Magalhães Machado,  João Pedro Cerva  Themudo and  Luiz Felipe Ribeiro Barbosa .     

More information 

The  PAS SEI 19957.005174 / 2019-14  was introduced by  Superintendent sanctioning processes  (SPS)  to determine supposed  p not equal rática, the mode   front running ,  the prestigious shape in section II, “d”, of CVM 8  (infraction in thesis, to  item I of the same Instruction ).   

 Access the opinion of the Term of Commitment Committee . 

 

3 . Exponential Solutions Training and Administration Ltda.  (as offeror) ,  Skoben  Capital Participações Ltda.  (as offeror) ,  Maico Buge   Kautsky  (as a partner and responsible for Exponential Solutions)  and Frederico Almeida  Saleme  Valle  (as a partner and responsible for  Skobe n  Participações ) presented   PROPOSAL  joint  commitment term for terminating r o  PAS SEI 19957.007433/2020-77 . 

The Specialized Federal Attorney at the Autarchy (PFE-CVM) concluded  that there was a  legal impediment to the execution of the agreement, in view of the non-interruption of the irregular offer, even after a subpoena from the Autarchy.   

After  analyzing the case,  the Term of Commitment Committee (CTC ) considered it neither convenient nor opportune to  enter into  the agreement, considering, among other factors, the gravity, in theory, of the case.  

The Collegiate accompanied the CTC and  rejected  the agreement  with Soluções Exponenciales Training and Administration Ltd.,  Skoben  Capital Participações Ltd.,  Maico Buge  Kautsky and Frederico Almeida  Saleme  do Valle.    

More information 

The  PAS SEI 19957.007433 / 2020-77  was established by the  Superintendency of Securities Registration Securities (SRE)  to investigate  alleged r MPLEMENTATION public offering of securities without  due  registration (infraction, in theory, the s art s .  19 of Law 6,385 / 76  and  2, the CVM 400)  and without  remission  (infringement, in principle, the s article s .  19 I,  paragraph 5 , of Law No. 6,385 / 76, and 4 of CVM 400)      

Access the opinion of the Term of Commitment Committee . 

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Regulator Information

Abbreviation: CVM
Jurisdiction: Brazil

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