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CVM also has the jurisdiction to establish, prosecute and punish irregularities committed in the market. If it has any suspicion CVM can start an investigation, through which it may collects information, take testimony and evidence in order to clearly the identify of the person responsible of illegal
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The CVM was established on 7 December 1976, with the passing of the
Brazilian legislation Law (6385/76). The CVM responsibilities and powers have been expanded since by Law No. 6422 of 8 June 1977, Law No. 9457 of 5 May 1997, Law No. 10303 of 31 October 2001, Decree No. 3995 of 31 October 2001, Law
368:. The board designs policies and general guidelines to be followed by the chief staff members. The CVM is run day to day by a chief executive officer (CEO), who is appointed by the chairperson, and who coordinates all staff activities of the CVM.
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Supervises all market participants and has the power to set rules and discipline participants as well as license financial intermediaries,
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On Dec 7 2009, CVM enacted a new regulation to enhance the information provided to investors by companies issuing securities in line with
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and can suspend or cancel trading, issuance or distribution of securities and if necessary suspend stock exchange operations.
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No. 10,411 of 26 February 2002. In addition the CVM also performs duties under the corporation act as part of Law (6404/76)
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Runs a register of all publicly held companies and makes sure that those companies adhere to listing rules, and
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practices. If the CVM charges any individuals or companies they have full rights of defense in court.
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to make sure that markets are transparent and companies disclose all relevant information,
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to assure the proper functioning of the exchange and over-the-counter markets,
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Financial Law review - Brazil:Registration of listed companies
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to make sure that all market participants adopt fair trading practices, and
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and increase the capitalization of
Brazilian publicly held companies.
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List of financial regulatory authorities by jurisdiction
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holders against fraudulent issues and illegal actions,
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in Brazil and all of its participants. This includes
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46:. Unsourced material may be challenged and removed.
324:Sets the rules for securities trading on the
247:. It is an independent agency linked to the
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208:Securities and Exchange Commission of Brazil
119:Securities and Exchange Commission of Brazil
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336:The CVM is responsible for regulating the
106:Learn how and when to remove this message
223:) is the securities market authority in
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375:Leonardo P. Gomes Pereira (Chairperson)
288:to protect consumers against fraud and
274:The CVM has the following objectives:
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384:Ana Dolores Moura Carneiro de Novaes
44:adding citations to reliable sources
523:Securities and exchange commissions
55:"Securities Commission" Brazil
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475:"Organizational Structure of CVM"
187:Maria Helena Santana, Chairperson
356:and has two regional offices in
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387:Roberto Tadeu Antunes Fernandes
220:Comissão de Valores Mobiliários
124:Comissão de Valores Mobiliários
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528:Government agencies of Brazil
477:. CVM Website. Archived from
451:. CVM Website. Archived from
154:Federative Republic of Brazil
352:The CVM is headquartered in
249:Ministry of Finance (Brazil)
371:Current Board members are:
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426:CVM 2008 Management Report
342:13th largest in the world
301:to promote investment in
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241:financial intermediaries
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449:"CVM Main Objectives"
398:Securities Commission
381:Gustavo Tavares Borba
199:http://www.cvm.gov.br
533:Regulation in Brazil
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227:. It regulates the
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366:President of Brazil
290:market manipulation
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338:B3 stock exchange
303:financial markets
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483:. Retrieved
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283:securities
270:Objectives
215:Portuguese
96:April 2010
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358:São Paulo
348:Structure
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459:10 April
392:See also
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225:Brazil
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