Overview
- Justice Maria Lúcia Pizzotti issued the arresto cautelar on January 27, freezing R$150 million in Fictor funds during judicial duty and leaving the measure subject to further review.
- The ruling orders Fictor to maintain or restore the cash collateral to at least R$150 million and sets a daily fine of at least R$5 million for any breach.
- A separate January 26 decree embargoed R$7.3 million, with the court citing concrete risk of creditor losses and potential dissipation of assets.
- Investors have filed suits alleging missed fixed returns and delayed redemptions, while Fictor said it will respond only in the case files and attributed liquidity strain to reputational damage.
- The decision cites scrutiny stemming from Fictor’s late 2025 bid for Banco Master, and O Globo reports that an advisers’ association asked the CVM to examine possible irregular public offerings.