Brazil Central Bank revokes H Commcor DTVM license after corporate purpose change

Brazil's Central Bank canceled the license of traditional brokerage H Commcor DTVM due to a change in its corporate purpose, following the transfer of its client portfolio to BTG in 2024 and a failed sale to Virgo. The revocation marks the end of a brokerage with roots in coffee trading since 1998, reflecting consolidation in Brazil's financial sector.