The Board of the Securities and Exchange Commission (CVM) rejected the proposal from Vórtx Distribuidora de Títulos e Valores Mobiliários and directors Eric Hayashida, Marcos Wanderley Pereira and Ernane Divino dos Santos Alves
The CVM's accusations are alleged failures in liquidity risk management and presentation of information and documents to the regulator, by the accused.
PA 19957.014508/2023-19 was instituted by the Supervision of Institutional Investors (SIN) to investigate alleged failures in the management of liquidity risk and in the presentation of information and documents to the CVM (possible violation of arts. 46, 59, 91 and 92, I, of CVM Instruction 555), the Agency explained in a statement.
Despite the refusal of Administrative Proceeding 19957.014508/2023-19, presented by Vortx, the Specialized Federal Prosecutor's Office (PFE-CVM) concluded that there is no legal impediment to the agreement being made.
However, on October 29, 2024, the Commitment Term Committee (CTC) understood that it was not convenient or timely to accept the proposal. Therefore, the CTC decided to reject the agreement.
source: Securities and Exchange Commission (CVM)
CVM proposes a fine of R$1 million
The regulator also proposed a fine of R$1 million. Of which R$500,000 would go to Vórtx Distribuidora de Títulos e Valores Mobiliários and R$160,000 to each of the three directors mentioned above. Vórtx has not yet commented.
Recently the company was the target of another fine from the CVM. The city council fined Vórtx R$100,000 in the VCI case, the company behind the construction of one of the Hard Rock Café chain hotels, called Ilha do Sol, in Paraná.
At the time, we looked for Vórtx, who was acquitted on part of the charges. In fact, the company said it intends to reverse the R$100,000 fine.
The article CVM rejects Term of Commitment with Vórtx and proposes a fine of R$ 1 million was seen for the first time on BeInCrypto Brasil.