The Brazil Securities Commission (CVM) issued a declaratory act ordering Lunify Payments Ltda (formerly Novax Payments Ltda) and its partners Pablo Monteiro Bringel, Keven Alves Barbosa and Gustavo Cesar Gloria Ribeiro de Araújo to immediately suspend any public offering of securities intermediation services. According to CVM’s Market and Intermediaries Relations Superintendence (SMI), there are indications the firm and the individuals, using the website https://dymiun.com/, sought to attract clients resident in Brazil to conduct transactions involving securities. CVM stated that neither the company nor the named individuals are authorised to intermediate securities or to raise funds from investors for application in securities.
Brazil Securities Commission (CVM) 2025-05-20
Brazil Securities Commission orders Lunify Payments to immediately suspend unlicensed securities intermediation offers
The Brazil Securities Commission (CVM) has ordered Lunify Payments Ltda and its partners to halt any public offering of securities intermediation services. CVM's Market and Intermediaries Relations Superintendence found that the firm and individuals were attracting Brazilian clients for securities transactions without authorization.