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CVM: Clients of Brazilian Estratégia Investimentos should move assets

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CVM: Clients of Brazilian Estratégia Investimentos should move assets

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.