The Brazil Securities Commission (CVM) issued a market alert and ordered GRF Assessoria Ltda. and its sole shareholder, Guilherme Ricardo Fuhr, to immediately suspend any public offering of securities intermediation services after identifying indications of solicitation of clients resident in Brazil. According to the CVM’s Superintendence of Market and Intermediary Relations (SMI), the firm and Fuhr used the INVESTINBROKER platform brand and the website investinbroker.com to attract Brazilian residents to conduct securities transactions. CVM stated that neither GRF Assessoria nor Fuhr is authorised to intermediate securities or to raise investor funds for investment in securities, and imposed the suspension through Declaratory Act CVM 23,225.
Brazil Securities Commission (CVM) 2025-04-02
Brazil Securities Commission orders GRF Assessoria and Guilherme Ricardo Fuhr to immediately halt unlicensed securities intermediation offers
The Brazil Securities Commission (CVM) has ordered GRF Assessoria Ltda. and its sole shareholder, Guilherme Ricardo Fuhr, to halt public offerings of securities intermediation services. The firm used the INVESTINBROKER platform to solicit Brazilian clients without authorization. The suspension was enacted through Declaratory Act CVM 23,225.