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CVM and Anbima focused on the role of investment influencers

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This post was translated by Regulatory.News for informational purposes only; the content below is not an official translation from the regulator. See the content in its original language here.

The Brazilian Securities and Exchange Commission (CVM) and the Brazilian Association of Financial and Capital Market Entities (Anbima) signed an agreement focused on monitoring the performance of investment influencers.

The agreement seeks to facilitate mutual cooperation and exchange of experiences. Among other measures, the agreement provides for the use of an information management tool for monitoring social networks.

In other words, the entities will, together, monitor the performance of people on social networks in the supposed offer of professional services that depend on registration with the CVM.

The agreement was carried out considering:

    • The significant increase in individuals entering the organized securities trading markets.
    • The ability of certain investment content creators to influence investment decisions made by their followers.
    • The possibility, in theory, of using this ability to influence to promote possible market illicit activities provided for in CVM Instruction 8 and in art. 155, paragraph 4, of Law 6.404/76.

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Access the agreement .

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Regulator Information

Abbreviation: CVM
Jurisdiction: Brazil

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