Regulatory Alerts2014-10-25
Added · Updated
CVM Instruction No. 333 of April 6, 2000
The Brazilian Securities and Exchange Commission (CVM) issued Instruction No. 333 to establish norms for securities distribution system members aimed at preventing fraud against investors. The regulation mandates specific anti-fraud measures, including restricting check endorsements to original payees, requiring explicit client orders for address changes or ownership transfers, and obligating intermediaries to verify suspicious proxy-based instructions. Violations of these provisions are classified as serious infractions under the Securities Market Law.
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