CVM Bulletin | Administrative Sanctioning Proceedings (PAS): Decisions | October 2026

The new edition of the CVM Bulletin is now available, featuring summaries of Administrative Sanctioning Proceedings (PAS) judged in October, based on publicly available information.

Among the highlights of this edition are the conviction of an administrator in the case involving Petrobras’ acquisition of the Pasadena Refinery; the penalties imposed for fraudulent trading in the securities market; and the acquittal of IRB administrators in proceedings concerning irregularities in the accounting records and financial statements for 2019.

Download the bulletin to learn more about the cases and the decisions reached in these proceedings.