The Brazil Securities Commission (CVM) ordered Kadryx Financial Services Ltda. to immediately stop publicising or offering securities portfolio management services in Brazil after identifying indications that the firm was acting without CVM authorisation. The Institutional Investor Relations Superintendence (SIN) cited offers made through the website www.kadryxpartnersinvestments.com and messaging app groups. Under CVM Deliberation 903, non-compliance may result in a daily coercive fine of BRL 100,000, and the firm and any individuals identified as participating in the irregular acts may also face sanctions for infringements committed before the order, following an administrative sanctioning proceeding under Article 11 of Law 6,385.
Brazil Securities Commission (CVM) 2025-10-29
Brazil Securities Commission orders immediate halt to Kadryx Financial Services’ unlicensed securities portfolio management offers in Brazil
The Brazil Securities Commission (CVM) has ordered Kadryx Financial Services Ltda. to cease offering securities portfolio management services in Brazil due to lack of CVM authorization. The Institutional Investor Relations Superintendence (SIN) highlighted unauthorized offers via the firm's website and messaging apps. Non-compliance could lead to a daily fine of BRL 100,000 and potential sanctions for prior infringements.