The Brazil Securities Commission (CVM) issued a market alert and determined the immediate suspension of public offerings of securities intermediation services linked to the foreign firm Magnum International Markets Limited, which operates under the Intermagnum brand. CVM’s Superintendence of Market and Intermediaries Relations (SMI) identified indications that the firm is seeking to attract clients resident in Brazil via the website intermagnum.com for the purpose of carrying out securities transactions. CVM stated that Magnum International Markets Limited is not authorised to intermediate securities or to raise funds from investors for investment in securities.
Brazil Securities Commission (CVM) 2025-12-05
Brazil Securities Commission orders immediate suspension and warns that Magnum International Markets Limited is not authorised to intermediate securities in Brazil
The Brazil Securities Commission (CVM) has issued a market alert and suspended public offerings of securities intermediation services by Magnum International Markets Limited, operating as Intermagnum. CVM's Superintendence of Market and Intermediaries Relations identified that the firm is targeting Brazilian clients without authorization to intermediate securities or raise investment funds.