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.
Luciano Rosa Mendes does not have authorization to exercise the activity
The Superintendence of Institutional Investor Relations (SIN) of the Brazilian Securities Commission (CVM) warns the market about the irregular performance of securities portfolio management by Luciano Rosa Mendes.
According to the CVM’s technical area, there are strong indications that it has been offering the service in the market, although it does not have authorization / registration to act.
Thus, the Municipality determined, through the CVM Resolution 868, a immediate suspension of any offer of securities portfolio management service by Luciano Rosa Mendes.
Application of a fine
If he does not adopt the CVM’s determination, Luciano Rosa Mendes will be subject to daily fine of R $ 5,000.00.
Did you receive an investment proposal from the stakeholder? Notify CVM!
If you are an investor or receive an investment proposal from the person involved in this Deliberation, please contact CVM at Citizen Service (SAC). Provide as much information as possible, with details of the offer and the identification of related persons, so that the Municipality can act quickly in the case.
CVM Stop Order
The issue of a stop order (suspension) is a precautionary measure to prevent or correct abnormal market situations detected by the CVM. Therefore, it should not be confused with the penalty of the indicated people.
In the case of infractions, the penalty requires the conclusion of an administrative sanctioning process with a condemnatory decision, when necessary.
Access the CVM Resolution 868.