The Brazil Securities Commission (CVM) ordered the immediate suspension of public offers of securities intermediation services by Tickmill Ltd., Tickmill UK Ltd., Tickmill Europe Ltd., Tickmill South Africa (PTY) LTD. and Procard Global Ltd., after identifying indications that the firms were soliciting clients resident in Brazil. CVM’s Market and Intermediaries Relations Superintendence identified that the companies, operating the websites https://tickmill.tech/ and https://www.tickmill.com/, sought to attract Brazilian clients to conduct securities transactions. CVM stated that the entities are not authorised to intermediate securities or to raise investor funds for investment in securities, and issued the determination through Declaratory Act CVM 23,967.
Brazil Securities Commission (CVM) 2025-10-01
Brazil Securities Commission orders immediate suspension of Tickmill and Procard Global’s unlicensed securities intermediation offers to Brazilian residents
The Brazil Securities Commission (CVM) has ordered the immediate suspension of securities intermediation services by Tickmill Ltd. and related entities, citing unauthorized solicitation of Brazilian clients. The firms, operating via specific websites, are not authorized to intermediate securities or raise investor funds in Brazil, as per Declaratory Act CVM 23,967.