Brazil's securities commission, the CVM, warned clients ofbrokerage firm Estratégia Investimentos, which is undergoing extrajudicialliquidation, to transfer their securities portfolios to another firm, accordingto a May 9 filing.

Brazil's central bank decreed the Rio de Janeiro-basedfirm's extrajudicial liquidation on May 5, citing serious violations of legalstatutes, Valor Econômico reported.