CVM settles regulatory cases with XP Investimentos and former Gafisa director

The Brazilian Securities and Exchange Commission (CVM) has accepted settlement agreements totaling R$ 3.185 million to resolve long-standing administrative proceedings. XP Investimentos and founder Guilherme Benchimol will pay R$ 1.485 million regarding a 2017 case, while former Gafisa board member Pedro Carvalho de Mello will pay R$ 1.7 million in a separate matter. These settlements allow the parties to resolve regulatory disputes without admitting wrongdoing.