Regulatory Alerts2025-10-28
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CVM Deliberation No. 903 of October 28, 2025
The Interim President of the Brazilian Securities and Exchange Commission (CVM) issued this deliberation to address the unauthorized market activities of KADRYX FINANCIAL SERVICES LTDA. The CVM determined that the company is illegally offering portfolio management services in Brazil without the required regulatory authorization. Consequently, the company is ordered to immediately cease all such offers under threat of a daily fine of R$ 100,000, while investors are warned against engaging with the unlicensed entity.
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