Regulatory Alerts2026-04-15
CVM Deliberation No. 907 of April 15, 2026
The Brazilian Securities and Exchange Commission (CVM) issued Deliberation No. 907 to order NLC Confinamentos S/A, Mineradora NLC Ltda., and their associated individuals to immediately cease the unregistered public offering of securities to residents of Brazil. The regulator determined that the sale of participation in NLC Confinamentos, the Nelore Coin (NLC) token, and the NLCD dividend asset constitute securities that were offered without required registration or exemption, violating Law No. 6,385/1976. Non-compliance with this order subjects the entities to a daily fine of R$ 100,000.00 and preserves the CVM's authority to impose administrative sanctions and pursue criminal charges.
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