The Comissão de Valores Mobiliários (CVM) is the regulatory authority for the securities market in Brazil. Established in 1976, its primary role is to oversee and ensure the integrity of the financial market, protecting investors and promoting fair trading practices. The CVM enforces laws and regulations related to securities, including stocks and bonds. The CVM also plays a crucial role in fostering transparency and efficiency in the market. It supervises publicly traded companies, ensuring they provide accurate information to investors. Additionally, the CVM works to prevent fraud and insider trading, contributing to a stable and trustworthy financial environment in Brazil.