The Brazil Securities Commission (CVM) issued Declaratory Act CVM 23,267 ordering Securcap Securities Limited to immediately halt any public offering of securities intermediation services and warning the capital markets and the general public about the firm’s activity. CVM’s Superintendence of Relations with the Market and Intermediaries identified indications that the company, operating under the XLNTRADE brand and the xlntrade.com website, was seeking to attract clients resident in Brazil to conduct securities transactions. CVM stated that Securcap Securities Limited is not authorised to intermediate securities or to raise funds from investors for investment in securities.
Brazil Securities Commission (CVM) 2025-04-10
Brazil Securities Commission orders Securcap Securities Limited to immediately suspend public offers of securities intermediation services
The Brazil Securities Commission (CVM) issued Declaratory Act CVM 23,267, ordering Securcap Securities Limited to cease public offerings of securities intermediation services. The firm, operating under the XLNTRADE brand, was found attempting to attract Brazilian clients for securities transactions without authorization. CVM warned the public about the firm's unauthorized activities.