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CVM warns: irregular performance of portfolio management


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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.

José Paulo Medeiros da Silva and Winners Invest Ltda are not authorized 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 José Paulo Medeiros da Silva and Winners Invest Ltda.

According to the CVM’s technical area, there are strong indications that the company and the partner are offering the service in the market, although they do not have authorization / registration to act.

Thus, the Municipality determined, through the CVM Resolution 867, the immediate suspension of any offer of securities portfolio management service by José Paulo Medeiros da Silva and Winners Invest Ltda.

Application of a fine

If they do not adopt the CVM’s determination, José Paulo Medeiros da Silva and Winners Invest Ltda 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.

More information

Access the CVM Resolution 867.

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Regulator Information

Abbreviation: CVM
Jurisdiction: Brazil

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