• BRZ CVM found Jonas Spritzer Amar Jaimovick and Spritzer Consultoria Empresarial Eireli (SCEE) violated of art. 12, paragraph 1, 4 of CVM Instruction 358/021.
• Respondents failed to inform Ideiasnet SA of the sale of shares in the company.

Violative Conduct

• Ideiasnet was questioned on 9 January 2019, by BZVM re atypical fluctuations in price of the company's shares for trading sessions between 21 December 2018 to 9 January 2019.
• BRZ CVM SEP found Jaimovick and SCEE were the subject of CVM Deliberation 778 warning market participants about their possible unauthorized securities services.
• On 16 January 2019, Ideiasnet released notice to the market (Doc. 0776978) informing that per stock bookkeeper, Jaimovick and SCEE reduced equity interests.
• Their participation in the company's capital stock would be 14.52 percent.
• At this point, Ideiasnet had not yet received information regarding the reduction of participation, under the terms of art. 12 of CVM Instruction 358/02.

Penalty

• Jaimovick and SCEE were fined R$500,000 or R$ 250,000 each for failure to disclose.