Corporate Law & Governance

Securities and Exchange Commission (CVM) fines Silvio Tini BRL 500,000 for price manipulation

26 November 2024

The panel of the Securities and Exchange Commission (CVM) ordered one of the largest investors on the Brazilian stock exchange, Silvio Tini, to pay a BRL 500,000 fine for manipulating the prices of preferred shares of the infrastructure holding company Azevedo & Travassos, between February and May 2018. With 4 votes to 1, the trial took place on Tuesday (26), and the decision was reported by officer Otto Lobo.

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Securities and Exchange Commission (CVM) fines Silvio Tini BRL 500,000 for price manipulation

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