Brazil Shuts Down Two Firms Tied to Banco Master Founder

Globo

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The Central Bank decreed on Thursday (3) the out-of-court settlement of the Trustee Distributor of Securities and Securities Ltda. and Banvox Distributor of Securities and Securities Ltda., both based in São Paulo (SP). According to the BC, the distributors comprise a prudential conglomerate classified in the S4 segment of the prudential regulation and have low representation in the National Financial System (NFS). Still according to the monetar…

WSCOM

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The Central Bank (BC) decreed, on Thursday (03), the out-of-court liquidation of two companies controlled by the former partner of the Master Bank, Mauricio Quadrado. The Trustee Distributor of Securities and Securities...

La República

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Trustee and Banvox were linked to Banco Master, as well as Nelson Tanure, an entrepreneur with experience in investing in companies in difficulty

BNews

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BC determines closure of Trustee and Banvox brokers after serious violations of financial standards in Brazil

A Gazeta Brasil apresenta as últimas notícias sobre governo Bolsonaro, Lava Jato, Planalto, Congress

Factuality

Ownership

The Central Bank closed on Thursday (3) two investment brokers in São Paulo: Trustee and Banvox DTVM. Both belong to Mauricio Quadrado, who in the past was partner of Daniel Vorcaro at the Master Bank. The decision happened because the Central Bank found serious problems in the way the companies worked. Although they were brokers [...]