The Brazil Securities Commission (CVM) issued a declaratory act ordering the immediate suspension of public offers of securities intermediation services by Suxxess FX LTD, and warned the capital markets and the public that the firm is not authorised to operate in Brazil. CVM’s Superintendence of Market Relations and Intermediaries (SMI) identified indications that the company, allegedly based in the Seychelles and using the Suxxess FX brand, has been seeking to attract clients resident in Brazil via its website for securities transactions. CVM stated that Suxxess FX LTD has no authorisation to intermediate securities or to raise investor funds for investment in securities, and referenced Ato Declaratório CVM 24.482.
Brazil Securities Commission (CVM) 2025-12-05
Brazil Securities Commission orders immediate suspension of Suxxess FX LTD’s unlicensed securities intermediation offers
The Brazil Securities Commission (CVM) has ordered the immediate suspension of Suxxess FX LTD's public offers of securities intermediation services, citing the firm's lack of authorization to operate in Brazil. CVM's Superintendence of Market Relations and Intermediaries identified that Suxxess FX, allegedly based in the Seychelles, was targeting Brazilian clients through its website.