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5mo ago

Mexico Formally Revokes Vector’s Brokerage License After Firm’s Voluntary Exit Request

The regulator says the action stems from the company’s own petition, not from FinCEN’s money‑laundering findings.

Como parte del proceso previo, en octubre, Finamex Casa de Bolsa alcanzó un acuerdo con Vector para la transferencia de cuentas y activos de clientes.
La CNBV revocó los permisos de Vector, de Alfonso Romo, por pedido de la misma, tras las sanciones del Tesoro de EU. Foto: Mario Jasso, Cuartoscuro
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Overview

  • The revocation for Vector Casa de Bolsa and its fund operator was published in Mexico’s Official Gazette on December 16 following a unanimous CNBV board decision on December 12 under Article 154 of the Securities Market Law.
  • CNBV named Gerardo Maldonado García as liquidator and requested formal documentation of the revocation and appointment, with procedural deadlines outlined in the notice.
  • Vector had already begun an orderly transfer of domestic client portfolios and assets to Finamex, which the firms describe as a portfolio transfer rather than a merger or acquisition.
  • Insigneo agreed to acquire international client accounts from Vector Global Wealth Management, a transaction expected to close in the first quarter of 2026 and involving more than $4 billion in assets.
  • FinCEN in June designated Vector a primary money‑laundering concern tied to opioid‑related flows, including suspicious transfers to China, but Mexican authorities emphasized the license withdrawal follows Vector’s voluntary request.