CVM Registered Brokers
Before wiring money to any brokerage, there is one objective question: is it registered with CVM, and is that registration active? This tool searches the official registry of market intermediaries kept by Brazil's Securities and Exchange Commission, the same registry behind every brokerage and custody contract in the country, right in the browser.
An active status is what any operating brokerage should show; it confirms that specific CNPJ is still authorized, not just that the name sounds familiar.
Banco Econômico suffered Central Bank intervention in 1995, one of Brazil's largest bank failures; its cancelled CVM registration stayed on record as a permanent part of the history, not as a data-entry error.
Dealers (DTVM) and brokers (CTVM) sit side by side in the same registry because CVM regulates both intermediary types under the same registration rule, even though their historical operating scopes differed.
Yes, and that is the tool's main use. The search covers the legal name and the commercial name, so typing part of a name already filters the list as you write. To open the full record of a specific institution, enter its 14-digit CNPJ.
Search by CNPJ or name in CVM's public intermediary registry; the record shows the current status (normal operation, cancelled, or extrajudicial liquidation) and the intermediary type. If the CNPJ never appears in the base, the institution never held a valid registration to operate as a broker or dealer.
No. Intermediating securities in Brazil requires prior CVM authorization; offering that service without registration breaches Lei 6.385/1976, the law that created CVM itself, and can trigger administrative and criminal penalties.
It is the regime CVM orders when an institution stops meeting its obligations to clients and the problem cannot be resolved through normal supervision; an appointed liquidator takes over administration to assess assets and pay creditors, replacing the former controllers.
It depends on the intermediary type: banks with an investment portfolio and credit cooperatives also answer to the Central Bank, while pure brokers (CTVM) and dealers (DTVM) primarily answer to CVM. Large banks, for that reason, often appear registered with both regulators at once.
The official registry of every capital-market intermediary, not just brokers. Search by the name you know, by tax ID, or filter by type and state.
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Informational content, not investment advice. CVM registration proves formal existence and supervision, not the quality of a service or the safety of any product offered.