CMVM
skip
Language
pageBackground
Press releases
(Article 422 Securities Code, amended by Decree-Law No. 52/2006 and Law No. 28/2009 of 19 June)

​Serious and very serious administrative infractions and crimes against the markets


​Serious and very serious administrative infractions 

 

Recent decisions:

​​Agent ​Type of Offence​

CMVM Decision
and Sanction (contents In Portuguese)

Judicial Review​Court DecisionAppeal
​KPMG & Associados - Sociedade de Revisores Oficiais de Contas, S.A.​Auditors​17/09/2020

Decison 

Fine: €1.000.000

​Yes
​Profile – Sociedade Gestora de Organismos de Investimento Coletivo, S.A.​Supervision of CIS​28/05/2020

Decision 

Fine: € 40.000

(suspended)

​No
[Anonymous Disclosure]Unauthorised financial intermediation​28/05/2020

Decision 

Fine: €25.000

(suspended)

​No
[Anonymous Disclosure]​Auditors​23/04/2020

Decision 

warning

​No
[Anonymous Disclosure]​Auditors​​23/04/2020

Decision 

warning

​No
[Anonymous Disclosure]​Financial
Intermediation
Duties
​​07/04/2020

Decision 

warning

​No
[Anonymous Disclosure]​Financial
Intermediation
Duties
​19/03/2020

Decisão 

Fines: €25.000

(suspended)

​No
[Anonymous Disclosure]​​Financial
Intermediation
Duties
​19/03/2020

Decision 

warning

​​No
[Anonymous Disclosure]Market integrity, transparency and equity

​30/01/2020

Decision 

Fine: €50.000

​No
[Anonymous Disclosure]​Financial
Intermediation
Duties
27/12/2019

Decision 

Fine: €50.000

​No
[Anonymous Disclosure]​​Supervision of CIS; Money laundering and terrorism financing​​17/10/2019

Decision 

Fine: €400.000

​No
[Anonymous Disclosure]​​Financial
Intermediation
Duties
​05/09/2019

Decision

Fine: €25.000

(suspended)

​No
[Anonymous Disclosure]​​​Financial
Intermediation
Duties
09/07/2019  

Decision 

warning

​​No
[Anonymous Disclosure]​Financial
Intermediation
Duties
09/07/2019

Decision 

warning

​No
[Anonymous Disclosure]​Financial
Intermediation
Duties
​07/2019

Decision 

warning

​No
[Anonymous Disclosure]Financial                   
Intermediation
Duties
​02/07/2019

Decision 

warning

​No
[Anonymous Disclosure]​Financial
Intermediation
Duties
​18/06/2019

Decision 

warning

​No
[Anonymous Disclosure]​​Financial
Intermediation
Duties
12/06/2019

Decision

warning

​No
[Anonymous Disclosure]​​Market integrity, transparency and equity​06/12/2019

Decision 

Fine: €75.000

(suspended)

​No
[Anonymous Disclosure]​Market integrity, transparency and equity​​​​05/09/2019

Decision

Fine: €150.000
(partially suspended)

​No
[Anonymous Disclosure]​Financial
Intermediation
Duties
​07/08/2019

Decison

Fine: €25.000      

​No
[Anonymous Disclosure]​Financial
Intermediation
Duties
​25/06/2019

Decisons

warning

​No
[Anonymous Disclosure]​Financial
Intermediation
Duties
​25/06/2019

Decison

warning

​No
[Anonymous Disclosure]​Financial
Intermediation
Duties
​18/06/2019

Decison

warning

​No
[Anonymous Disclosure]​Financial
Intermediation
Duties
​12/06/2019

Decison

warning

​No
[Anonymous Disclosure]​Financial
Intermediation
Duties
​12/06/2019
Decison           

warning 

​No
[Anonymous Disclosure]​Financial
Intermediation
Duties
​21/05/2019
Decison            

warning

​No
[Anonymous Disclosure]​Financial
Intermediation
Duties
​21/05/2019
Decison

warning

​No
[Anonymous Disclosure]​Financial
Intermediation
Duties
​21/05/2019  

Decison

warning

​No
[Anonymous Disclosure]​Financial
Intermediation
Duties
​21/05/2019
Decison          

warning

​​​​No
[Anonymous Disclosure]​Financial
Intermediation
Duties
​21/05/2019
Decison           

warning

​​​​No
[Anonymous Disclosure]​Financial
Intermediation
Duties
​21/05/2019
Decison 

warning

​​​​No
[Anonymous Disclosure]​Financial
Intermediation
Duties
​21/05/2019
Decison           

warning

​​​​No
[Anonymous Disclosure]​Financial
Intermediation
Duties
​21/05/2019
Decison           

warning

​​​No
Banque Privée Espírito Santo, S.A. – Sucursal em Portugal – Em liquidação ​​Financial
Intermediation
Duties

07/08/2019
Decison 

Fine:€150.000(suspended)

​​​No
Banif – Banco Internacional do Funchal, S.A. - Em liquidação ​Financial
Intermediation
Duties
​17/10/2019
Decison 

Fine: €250.000(suspended)

​​​No
[Anonymous Disclosure]​Auditors

​23/07/2019

Decision 

Fine: €25.000

​​No
[Anonymous Disclosure]Information Disclosure​

​12/06/2019

Decision 

Fine: €75.000

​​No
​Orey Financial – Instituição Financeira de Crédito, S.A​Financial
Intermediation
Duties

​03/06/2019

Decision 

Fine: €150.000

(partially suspended)

​Yes
[Anonymous Disclosure]

Supervision of CIUs

​29/05/2019

Decision 

Fine:€50.000

(suspended

​​No
[Anonymous Disclosure]​Supervision of CIUs

​24/05/2019

Decision

warning

​No
[Anonymous Disclosure]
Financial
Intermediation
Duties
​21/05/2019

Decision 

warning

​No
[Anonymous Disclosure]
Financial
Intermediation
Duties
​21/05/2019

Decision 

70kb

warning

​No
[Anonymous Disclosure]​Financial
Intermediation
Duties
​21/05/2019

Decision 

69kb

warning

​No
[Anonymous Disclosure]​Financial
Intermediation
Duties

​21/05/2019

Decision 

66kb

warning

​No
[Anonymous Disclosure]
Financial
Intermediation
Duties
​​​07/05/2019

Decision 

109kb

Fine: €75.000
(partially suspended)

​No
[Anonymous Disclosure]​Financial
Intermediation
Duties
​​22/04/2019

Decision 

69kb

Fine: €75.000
(partially suspended)

​​No
[Anonymous Disclosure]
Financial
Intermediation
Duties
​​19/03/2019

Decision 

66kb

warning

​​No
[Anonymous Disclosure]​Financial
Intermediation
Duties
​19/03/2019

Decision 

67kb

warning

​​No
[Anonymous Disclosure]​Financial
Intermediation
Duties

​19/03/2019

Decision 

67kb

warning

​No
[Anonymous Disclosure]​Financial
Intermediation
Duties

​12/02/2019

Decision 159kb

warning

​No
[Anonymous Disclosure]​​Financial
Intermediation
Duties

24/01/2019

Decision 161kb

warning

​No
[Anonymous Disclosure]​Financial
Intermediation
Duties

​24/01/2019

Decision 125kb 

warning

​No
[Anonymous Disclosure]​Financial
Intermediation
Duties

​24/01/2019

Decision  118kb

warning

​No
[Anonymous Disclosure]​Supevision of CIUs

​24/01/2019

Decision 208kb

Fine: €25.000
(suspended)

​No
[Anonymous Disclosure]
Financial
Intermediation
Duties

​24/01/2019

Decision 119 kb

warning

​No
[Anonymous Disclosure]
Financial
Intermediation
Duties

​24/01/2019

Decision208kb

Fine: €25.000
(suspended)

​No

Caixa Económica Montepio Geral, Caixa Económica Bancária, S.A.

Financial
Intermediation
Duties; Money Laundering and Terrorism Financing

​27/12/2018

Decision 120kb

Fine: €150.000
(partially suspended)

​No
[Anonymous Disclosure]
Supervision of CIUs ​​​27/12/2018

Decision122kb warning

No
[Anonymous Disclosure] Financial Intermediation Duties​​19/12/2018

Decision119kb warning

No​
[Anonymous Disclosure]Financial Intermediation Duties19/12/2018

Decision160kb warning

No
[Anonymous Disclosure] Financial Intermediation Duties19/12/2018

Decision119kb warning

No
[Anonymous Disclosure] Financial Intermediation Duties

​​​19/12/2018

Decision119kb warning

No
[Anonymous Disclosure] Financial Intermediation Duties​​19/12/2018

Decision119kb warning

No
[Anonymous Disclosure]Financial Intermediation Duties​19/12/2018

Decision160kb warning

No
[Anonymous Disclosure]Financial Intermediation Duties​19/12/2018

Decision119kb warning

No
[Anonymous Disclosure]Financial Intermediation Duties​19/12/2018

Decision161kb warning

No
[Anonymous Disclosure]Financial Intermediation Duties​19/12/2018

Decision118kb warning

No​
[Anonymous Disclosure] Financial Intermediation Duties​​10/12/2018
Decision 214kb

Fine: €75.000
(partially suspended)

​No
[Anonymous Disclosure] Financial Intermediation Duties04/12/2018
Decision211kb

Fine: €25.000
(suspended)

No
[Anonymous Disclosure]​Auditors

27/11/2018
Decision209kb

Fine: €50.000
(partially suspended)

No
[Anonymous Disclosure]Financial Intermediation Duties 27/11/2018

Decision121kb
warning

No
[Anonymous Disclosure]Financial Intermediation Duties 27/11/2018
Decision119kb

warning

No
[Anonymous Disclosure]Financial Intermediation Duties 27/11/2018
Decision121kb

warning

No
[Anonymous Disclosure] Market Integrity, Transparency and Equity; Qualified Holdings

​20/11/2018

Decision 106kb

Fine: €25.000
(suspended) 

​No
[Anonymous Disclosure] Supervision of CIUs 20/11/2018
Decision208kb

Fine: €12.500
(suspended)

No
[Anonymous Disclosure]Supervision of CIUs 20/11/2018
Decision208kb

Fine: €25.000
(suspended)

No

 

 

 

Other decisions: 

AgentType Of
Offence
CMVM Decision
(contents In Portuguese)
And Sanction Imposed
Judicial
Review
Court DecisionAppeal
Banque Privée Espírito Santo, S.A. – Sucursal em Portugal – Em liquidação Financial Intermediation Duties​07/08/2019
Decision 


Fine: €150.000

(suspended)

No
Banif – Banco Internacional do Funchal, S.A. - Em liquidação Financial Intermediation Duties​17/10/2019
Decision 


Fine: €250.000

(suspended)

​No
             

Finertec - Serviços de Consultoria e Participações Financeiras, S.A.


Joaquim Adelino Pereira da Mota

Market Integrity, Transparency & Fairness14/01/2015
Decision


Fines:

  • Finertec - Serviços de Consultoria e Participações Financeiras, S.A. - €75,000
  • Joaquim, Adelino Pereira Mota - €25,000 (Suspended)
​Yes
(only Finertec - Serviços de Consultoria e Participações Financeiras, S.A.)
24/11/2014
Ruling by the Santarém Court of Competition, Regulation and Supervision, (1st Division) dated 24 November 2014, confirming the CMVM decision relating to the defendant Finertec - Serviços de Consultoria e Participações Financeiras, S.A., amending the amount of fine imposed
The defendant, Finertec - Serviços de Consultoria e Participações Financeiras, S.A., filed an appeal with the Lisbon Appeal Court.

José de Oliveira
Costa

Market
Integrity,
Transparency & Fairness

27/07/2011
Decision 223 Kb
Fine: €75,000

Yes--

Alípio Barrosa
Pereira Dias

António Manuel
Pereira Caldas de Castro Henriques

António Manuel
de Seabra de
Melo
Rodrigues

Christopher de
Beck

Filipe de Jesus
Pinhal

Jorge Manuel
Jardim Gonçalves

Luís Manuel Neto Gomes

Miguel Pedro
Lourenço
Magalhães Duarte

Paulo Jorge de
Assunção
Rodrigues
Teixeira Pinto

Information
Disclosure

09/12/2010

Fines:

  • Alípio Barrosa Pereira Dias - €200,000
  • António Manuel Pereira Caldas de Castro Henriques - €250,000
  • António Manuel de Seabra de Melo Rodrigues - €900,000
  • Christopher de Beck - €650,00 
  • Filipe de Jesus Pinhal - €800,000
  • Jorge Manuel Jardim Gonçalves - €1,000,000
  • Luís Manuel Neto Gomes - €200,000
  • Miguel Pedro Lourenço Magalhães Duarte - €75,000
  • Paulo Jorge de Assunção Rodrigues Teixeira Pinto - €200,000
Yes The
defendants
filed an
appeal
with the
Court of
Appeal