Aggregated News From Investment Management Regulators

CVM warns of irregular performance by KOI Global LLC, Ventura Group and Orotrader as securities brokers

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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 Securities and Exchange Commission (CVM) warns the capital market and the general public about the irregular performance of KOI Global LLC, Ventura Group and O rotrader .  

According to the Superintendence of Market and Intermediary Relations (SMI), indications were identified that the companies KOI Global LLC, Ventura Group and Orotrader present themselves as responsible on the website www.orotrader.com and sought to raise funds from investors residing in the Brazil for investments in securities. This practice was done through the website and profiles on social networks.   

WARNING  

KOI Global LLC, Ventura Group and Orotrader do not hold CVM authorization to broker securities.   

Determination  

By means of the CVM Declaratory Act 19. 5 13 , the Autarchy determined the immediate suspension of broadcasting any public offering of securities intermediation services, directly or indirectly, due to the fact that the aforementioned companies do not integrate in the distribution system provided for in art. 15 of Law 6,385/76.  

If it does not adopt the CVM’s determination, those involved will be subject to a daily fine in the amount of R$ 1,000.00.  

Remember if!  

If you are an investor or receive an investment proposal from one of the aforementioned companies , contact the CVM through the Citizens’ Assistance Service (SAC), preferably providing details of the offer and the identification of the people involved, in order to that it is possible for the Municipality to act promptly in the case.  

More information  

Access the CVM Declaratory Act 19. 5 13 .  

Source link

Regulator Information

Abbreviation: CVM
Jurisdiction: Brazil

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