# Tag: Fine

- [CVM fines GPA investor relations chief R$470,000 for late disclosure amid takeover rumors](https://brazilstockguide.com/insights/cvm-gpa-rafael-russowsky-fine-delayed-disclosure/) (2025-11-06): Regulator found Rafael Russowsky delayed release of material facts despite atypical trading activity before reports on Casino’s potential exit from GPA’s control.