Clipping of news on Brazilian Culture, Law and Citizenship
08/16/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
The National Secretary of the Consumer (Senacon) of the Ministry of Justice, in partnership with the Securities and Exchange Commission (CVM), published on Tuesday (14/8), the 3rd edition of the Bulletin of Consumer Protection / investor, which brings information and guidance on applications in the former Fund 157 and the procedures to rescue him.
Created by Decree-Law No. 157 of 10.02.1967, the Fund 157 allowed taxpayers to use part of the income tax due for implementation in quotas of investment funds managed by financial institutions which, in turn, applied in actions and other securities of companies that met the requirements of the legislation. This possibility was abolished in 1983, and in June 1985, these funds have been transformed or incorporated into Mutual Funds Stock Investment.
Considering that many investors are unaware of these applications, the bulletin explains how to obtain information about the Fund with the CVM 157, ways to monitor and recover the investment, as well as documents to be submitted to the Commission if the demands are not met by the managing institution background. A warning is also for the fact that there is no need for third-party intermediary for the collection of any value, allowing the investor himself, or his representative shall take all necessary measures, without additional costs.
The publication notes that the consumer is important to be aware of the characteristics and rules of operation of investment funds, especially those that relate to assets that should be your portfolio and investment strategies adopted.
To access the 3rd edition of the Bulletin of Consumer Protection / Investor CVM / Senacon Click here.
Source: DPDC
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This article was translated by an automatic translation system, and was therefore not reviewed by people.