Compliance Radar
Who was sanctioned, and for what?
Fines, court rulings and incidents from Europe, North America, Latin America, Asia-Pacific and Middle East: 1,929 cases from 40 jurisdictions, each with an official source and checked against that source before publication. Filter by country, area of law and sector. Click a chart to drill down one level.
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Where?
by authority- Comissão de Valores Mobiliários (CVM) €188,419 100 % · 1 case
What for?
by action- Fine €188,419 100 % · 1 case
Who?
by sectorAll sectors
When?
per quarter, by date of decision| Period | Cases | Total |
|---|---|---|
| Q4 2023 | 0 | – |
| Q1 2024 | 0 | – |
| Q2 2024 | 0 | – |
| Q3 2024 | 0 | – |
| Q4 2024 | 0 | – |
| Q1 2025 | 1 | €188,419 |
| Q2 2025 | 0 | – |
| Q3 2025 | 0 | – |
| Q4 2025 | 0 | – |
| Q1 2026 | 0 | – |
| Q2 2026 | 0 | – |
| Q3 2026 | 0 | – |
| Q4 2026 | 0 | – |
1 case
11 Mar 2025 Intra DTVM Ltda.Intra DTVM: CVM fine of BRL 1.2m for missing fund filings €188,419
The board of the Comissão de Valores Mobiliários (CVM, Brazilian Securities and Exchange Commission) fined the fund administrator Intra DTVM Ltda. BRL 1,200,000.00 for filing mandatory periodic information on the investment funds it administered late or not at all (Art. 59 Instrução CVM 555). According to the charges, 121 mandatory documents for 12 of the 19 funds it administered were missing at the end of the 2020 financial year; the company was acquitted of the charge of breaching its duty of diligence on a tied vote, since in that event the view more favourable to the accused prevails. An appeal against the decision is pending before the Conselho de Recursos do Sistema Financeiro Nacional (CRSFN, financial system appeals board). The decision is not final.
Fund administrators need a robust deadline and control system so that mandatory information for every fund reaches the regulator on time.
Timely mandatory filings with the regulator
- Authority / court
- Comissão de Valores Mobiliários (CVM)
- Area of law
- Capital markets and financial supervision · Disclosure and reporting obligations
- Legal basis
- Instrução CVM nº 555/2014, Art. 59
- Action
- Fine
- Status of proceedings
- under appeal
- Sector
- Financial services and insurance
- Published
- 18 Mar 2025
Original amount 1,200,000 BRL, converted at the ECB reference rate of 11 Mar 2025.
- CVM: CVM multa em R$ 1.2 milhão acusado por falhas informacionais (18.03.2025, Urteil vom 11.03.2025) Press release of an authority
- CVM: Voto des Berichterstatters im PAS CVM 19957.001912/2024-11 Decision of an authority
- CVM Dados Abertos: Processos Sancionadores (Stand und Situation der Beschuldigten) Enforcement database of an authority
Checked against the official source on 3 Oct 2026 · Direct link