The Brazil Securities Commission (CVM) issued Declaratory Act CVM 24.552 ordering the immediate suspension of public offerings of securities intermediation services linked to Vie Finance Sey LTD, while warning the capital markets and the general public about the firm’s activities. CVM’s Superintendence of Market and Intermediaries Relations (SMI) identified indications that Vie Finance Sey LTD, through the Zenstox platform and the website zenstox.com, was seeking to attract clients resident in Brazil to conduct securities transactions. CVM stated that Vie Finance Sey LTD is not authorised to intermediate securities or to raise investor funds for investment in securities.