CVM
Coverage of CVM in the Nexus archive.
- Sabesp-EMAE Merger Vote Proceeds Despite Legal Challenge
Sabesp and EMAE confirmed their July 30 extraordinary shareholder meetings will proceed as scheduled despite a legal challenge. A dissenting shareholder requested Brazil’s securities regulator (CVM) to delay the meeting notice period and filed a lawsuit seeking to suspend the EMAE meeting or invalidate the merger.
- Brazil CVM Settlement Ends 2017 XP Case
Brazil's securities regulator CVM reached a settlement with brokerage XP Investimentos and its founder Guilherme Benchimol on July 22, 2026, concluding an administrative case dating back to 2017. The agreement involves payments to the regulator and an affected investor but does not include an admission of wrongdoing.
- A Court Orders Brazil to Fix Its Underfunded Market Watchdog
A Brazilian Supreme Court justice approved a rescue plan for the CVM, Brazil's market regulator, on July 2. The court cited over a decade of underfunding that paralyzed the agency, requiring 70% of its collected fees to be reinvested into the CVM.
- New Chief of Brazil Securities Regulator Fires Seven Senior Officials
Otto Lobo, the new head of Brazil's CVM, fired seven senior officials and removed the heads of the economic-analysis and communications teams, marking a significant shake-up in the regulator.