Brazil’s Central Bank Orders Extrajudicial Liquidation of Sefer Investimentos

Overview

• The Banco Central decreed the extrajudicial liquidation of Sefer Investimentos on Friday, June 26, 2026, ending the firm’s operations under central bank supervision rather than through ordinary recovery procedures.
• The regulator said it found a compromised economic‑financial situation and serious violations of rules, and it made the assets of Sefer’s controllers and former administrators unavailable as part of the measure.
• The central bank warned that its ongoing inquiries could lead to administrative sanctions or be forwarded to other authorities for criminal or civil action.
• Investigators link Sefer to the second phase of Operação Compliance Zero and to alleged frauds tied to Banco Master, and the Ministério Público identifies Benjamin Botelho as a controller connected to those probes.
• Sefer is small in system terms—it represents under 0.0004% of national financial assets and about 0.17% of third‑party funds—but the liquidation affects creditors and investors in funds it administered and follows earlier regulatory and judicial scrutiny of its business ties.