The Brazil Securities Commission (CVM) issued a market alert regarding FXNovus (PTY) LTD, which operates under the FXNOVUS brand, and determined the immediate suspension of its public offers of securities intermediation services. According to CVM’s Superintendence of Market and Intermediaries Relations (SMI), there are indications the firm has been seeking to attract clients resident in Brazil via www.fxnovus.com to carry out transactions involving securities. CVM warned that FXNovus (PTY) LTD is not authorised by the regulator to intermediate securities or to raise funds from investors for investment in securities.
Brazil Securities Commission (CVM) 2025-11-21
Brazil Securities Commission orders immediate suspension of FXNovus public offers of securities intermediation services
The Brazil Securities Commission (CVM) issued a market alert suspending FXNovus (PTY) LTD's public offers of securities intermediation services. CVM's Superintendence of Market and Intermediaries Relations indicated that FXNovus was attempting to attract Brazilian clients for securities transactions without proper authorization.