The Brazil Securities Commission (CVM), through its Market and Intermediaries Relations Superintendence (SMI), issued a market alert ordering the immediate suspension of public offers of securities intermediation services by SUN WAVE LLC, after identifying indications that the firm is seeking to attract clients resident in Brazil without CVM authorisation. The alert cites SUN WAVE LLC’s use of the brands Veloc Broker, Nyrion Broker and Mundial Broker and the websites www.velocbroker.com.br, www.nyrionbroker.com and www.mundialbroker.com.br to solicit Brazilian residents for securities transactions. The suspension order was made through CVM Declaratory Act 24.976.
Brazil Securities Commission (CVM) 2026-03-25
Brazil Securities Commission orders immediate suspension of SUN WAVE LLC’s unlicensed securities intermediation offers
The Brazil Securities Commission (CVM) has issued a market alert through its Market and Intermediaries Relations Superintendence, ordering the immediate suspension of public offers of securities intermediation services by SUN WAVE LLC. The firm, using brands such as Veloc Broker, Nyrion Broker, and Mundial Broker, was found soliciting Brazilian residents without CVM authorization. The suspension was enacted via CVM Declaratory Act 24.976.