Brazilian Securities Commission Warns Against Unauthorized Trading Activities

According to PANews, the Brazilian Securities Commission (CVM) has issued a warning to Ukuchuma Financial Services and IGM Forex for conducting unauthorized securities trading activities in Brazil. These activities were carried out through the XPROMarkets brand and website. The CVM has demanded an immediate cessation of these activities, threatening a daily fine of R$1,000 for non-compliance. Additionally, the commission has urged investors to report any suspicious behavior to facilitate further investigation.