The Central Bank of Uruguay’s board decided on Nov. 4 to dissolve and liquidate brokerage Grupo Bursátil Uruguayo (GBU) Sociedad de Bolsa S.A. Accountant Ana Chaves was appointed as the central bank’s delegated liquidator to oversee the process.
The decision follows earlier enforcement measures against the firm. In January 2025, the central bank placed GBU under preventive intervention, suspended its activities, replaced its entire management and froze both the firm’s and its clients’ assets. In March 2025, after identifying regulatory breaches, it canceled the firm’s activities and withdrew its authorization to operate.