The Brazil Securities Commission (CVM) issued an order requiring Falcon Ltd to immediately suspend any public offering of securities intermediation services. The regulator also warned that Falcon Ltd is not authorised by the CVM to intermediate securities or to raise investor funds for investment in securities. CVM’s Market and Intermediaries Superintendence (SMI) identified indications that Falcon Ltd, using the SeguroFX platform, was seeking to attract clients resident in Brazil to conduct securities transactions. The determination was issued through CVM Declaratory Act 23,562.
Brazil Securities Commission (CVM) 2025-07-03
Brazil Securities Commission orders Falcon Ltd to immediately halt public offers of securities intermediation services via SeguroFX
The Brazil Securities Commission (CVM) ordered Falcon Ltd to suspend public offerings of securities intermediation services, citing unauthorized activities. CVM's Market and Intermediaries Superintendence found Falcon Ltd, via the SeguroFX platform, was targeting Brazilian residents for securities transactions without authorization.