The Central Bank of Brazil ordered the extrajudicial liquidation of CBSF Distribuidora de Títulos e Valores Mobiliários S.A., a securities brokerage (formerly Reag Trust Distribuidora de Títulos e Valores Mobiliários S.A.) headquartered in São Paulo, citing serious breaches of rules governing institutions in Brazil’s National Financial System. The firm is classified in the S4 prudential segment and represents less than 0.001% of adjusted total assets of the National Financial System. Under the law, the assets of the controlling shareholders and former managers of the institution have been made unavailable, and the Central Bank stated it will continue investigations that may result in administrative sanctions and referrals to other competent authorities.
Central Bank of Brazil 2026-01-15
Central Bank of Brazil places CBSF Distribuidora de Títulos e Valores Mobiliários into extrajudicial liquidation for serious regulatory violations
The Central Bank of Brazil has ordered the extrajudicial liquidation of CBSF Distribuidora de Títulos e Valores Mobiliários S.A. due to serious regulatory breaches, freezing the assets of its controlling shareholders and former managers while continuing investigations for potential sanctions.