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SANCTIONING ACTIVITY

Another process fined R$ 255,000 accused of irregular activity in the capital market

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Published on

02/06/2026 20:05

The Securities and Exchange Commission (CVM) judged , on 2 / 6 /202 6 ,

the following administrative sanctioning processes (PAS):

PAS 19957.005514/2025-47:

Thiago Yabrudi

Brimana .

PAS 19957.011123/2025-61 : Ivan Rodrigues Bezerra, Ivan José Bezerra de Menezes, Marcelo Meneghessi , Ricardo Jucá Machado, Lize Bezerra de Menezes Morais Correia and Davi Bezerra Januário.

Learn more about the cases

1. The PAS CVM 19957.005514/2025-47 was initiated by the Superintendence of Institutional Investor Supervision (SIN)

to investigate the responsibility of Thiago Yabrudi

Brimana

for alleged irregular exercise of the activity of portfolio administration o f securities (violation of art. 2 of CVM Resolution 21 c/c art. 23 of Law 6.385).

After analyzing the case and following the vote of Director Marina Copola , the CVM Board decided, by unanimous vote* , to convict Thiago Yabrudi

Brimana to a fine of R$ 255,000.00, for violation of art. 2 of CVM Resolution 21, c/c art. 23 of Law 6.385/76.

The punished accused may file an appeal with suspensive effect to the Council of Resources of the National Financial System.

See more: access the technical area report and the vote of Director Marina Copola .

The Interim President, João Accioly, due to being on vacation, did not participate in the judgment of the process. The Superintendents of Institutional Relations, Thiago Paiva Chaves, and of Strategic Risk Supervision, Luís Felipe Lobianco, participated as Substitute Directors, as provided for in CVM Resolution 45, to form the minimum quorum required for Board Decision.

2. The PAS CVM

19957.011123/2025-61

was initiated by the Superintendence of Corporate Relations (SEP) to investigate the responsibilities of Ivan Rodrigues Bezerra, Ivan José Bezerra de Menezes, Marcelo Meneghessi , Ricardo Jucá Machado, Lize Bezerra de Menezes Morais Correia and Davi Bezerra Januário , administrators of TBM-Têxtil Bezerra de Menezes S.A., for alleged non-compliance with obligations to prepare and send periodic information to the CVM, as well as the failure to hold an ordinary general assembly within the legal deadline.

After analyzing the case and following the vote of Director Marina Copola , the CVM Board decided, by unanimous vote* , for the conviction of :

Ivan Beze rra to a fine of R$ 91 . 0 00 ,00 , for violation of art. 176, caput , of Law 6.404/76 c/c art. 11, I, of CVM Resolution 10; to art. 11, II and III, of CVM Resolution 10/2020; to art. 11, IV, of CVM Resolution 10/2020; and to art. 132 c/c art. 142, IV, of Law 6.40 4 /76.

Ivan José, Marcelo Meneghessi and Ricardo Machado to a fine of R$ 70 .000,00 for each one , for violation of art. 176, caput , of Law 6.404/76 c/c art. 11, I, of CVM Resolution 10; to art. 11, II and III, of CVM Resolution 10; and to art. 11, IV, of CVM Resolution 10.

Davi Bezerra and Lize Bezerr a to a fine of R$ 2 1 . 0 00,00 for each one , for violation of art. 132 c/c art. 142, IV, of Law 6.404/76.

The accused punished may file an appeal with suspensive effect to the Council of Resources of the National Financial System.

See more: access the report of the technical area and the vote of Director Marina Copola .

• The Interim President, João Accioly, due to being on vacation, did not participate in the judgment of the process. The Superintendents of Institutional Relations, Thiago Paiva Chaves, and of Strategic Risk Supervision, Luís Felipe Lobianco, participated as Substitute Directors, as provided for in CVM Resolution 45, to form the minimum quorum required for Board Decision.

Category

Regulation and Supervision