Post by xyz3600 on Feb 25, 2024 1:26:27 GMT -5
In the second quarter of 2019, the Securities and Exchange Commission imposed 40 fines in sanctioning processes, a 23% reduction compared to the same period in 2018, when 52 penalties were imposed. However, the total value increased by 5,772%: it went from R$10.2 million to R$587.2 million. The data comes from the Sanctioning Activity Report, published this Thursday (5/9). reproduction The value of fines applied by the CVM reached R$587.2 million. reproduction The jump was due to the trial of cases involving Eike Batista. Only in the Administrative Sanctioning Process that investigated Eike's use of privileged information in trading OGX shares, the businessman received a fine of R$440 million. Under the terms of commitment signed with defendants to close cases, the values grew 33%: they went from R$8.29 million, in 13 agreements, in the second quarter of 2018, to R$11.02 million, in nine terms, in the same period this year.
The authority's collegiate judged 21 cases between April and June, two fewer than in the second quarter of 2018. The CVM applied six warnings, five disqualifications and seven bans, in addition to acquitting 25 defendants. Warning letters The CVM's technical areas issued 113 warning letters. The measures serve to notify observed deviations and, if applicable, establish a deadline for correcting the problem without opening Middle East Mobile Number List sanctioning proceedings. The CVM also sent 10 letters to the Public Ministries in the states and 14 letters to the Federal Public Ministry. The documents address information relating to signs of crime identified both in administrative sanctioning procedures and in the course of the entity's general activities. From April to June, the CVM also issued seven stop orders . Counting the eight issued in the first quarter, the authority has already exceeded the 11 issued throughout.
Through this action, the authority prohibits, under penalty of a daily fine, the practice of acts detrimental to the functioning of the regulated market, such as those related to inadequate disclosure of information to the investing public or irregular professional performance.in the case of icms, as it is a tax, the calculation basis, pursuant to art. 146, iii, a , of the cf, must be provided for in a complementary law. The arts. 8th to 13 of complementary law no. 87/96 indicate what the tax calculation basis should be, in each situation, and can be summarized generally by the value of the operation or the price of the service.
The authority's collegiate judged 21 cases between April and June, two fewer than in the second quarter of 2018. The CVM applied six warnings, five disqualifications and seven bans, in addition to acquitting 25 defendants. Warning letters The CVM's technical areas issued 113 warning letters. The measures serve to notify observed deviations and, if applicable, establish a deadline for correcting the problem without opening Middle East Mobile Number List sanctioning proceedings. The CVM also sent 10 letters to the Public Ministries in the states and 14 letters to the Federal Public Ministry. The documents address information relating to signs of crime identified both in administrative sanctioning procedures and in the course of the entity's general activities. From April to June, the CVM also issued seven stop orders . Counting the eight issued in the first quarter, the authority has already exceeded the 11 issued throughout.
Through this action, the authority prohibits, under penalty of a daily fine, the practice of acts detrimental to the functioning of the regulated market, such as those related to inadequate disclosure of information to the investing public or irregular professional performance.in the case of icms, as it is a tax, the calculation basis, pursuant to art. 146, iii, a , of the cf, must be provided for in a complementary law. The arts. 8th to 13 of complementary law no. 87/96 indicate what the tax calculation basis should be, in each situation, and can be summarized generally by the value of the operation or the price of the service.