The Brazil Securities Commission (CVM) issued a market alert and ordered the immediate suspension of public offerings of securities intermediation services by AxiTrader LLC (AxiTrader) and AxiCorp Financial Services Pty Ltd. According to CVM’s Market and Intermediaries Relations Superintendence, there are indications the firms have been seeking to attract clients resident in Brazil via the website https://www.axi.com/pt and through partners in Brazil, including WinMaster B3, for the execution of securities transactions. CVM warned that neither entity is authorised by the regulator to intermediate securities or to raise funds from investors for investment in securities, and said the determination was made through Declaratory Act CVM 24,484.
Brazil Securities Commission (CVM) 2025-12-05
Brazil Securities Commission orders immediate suspension of AxiTrader and AxiCorp securities intermediation offers targeting Brazilian residents
The Brazil Securities Commission (CVM) has issued a market alert and ordered the immediate suspension of public offerings by AxiTrader LLC and AxiCorp Financial Services Pty Ltd. The CVM found these firms were soliciting Brazilian clients without authorization to intermediate securities or raise investment funds. This action was formalized through Declaratory Act CVM 24,484.