On October 18, 2023, the Central Bank of Brazil announced the extrajudicial liquidation of Banco Pleno S.A., along with its affiliate, Pleno Distribuidora de Títulos e Valores Mobiliários S.A. This decision came after careful oversight and regulatory assessment of the financial conglomerate, which was classified as a small-sized group under the S4 segment of the prudential regulation. Banco Pleno was identified as the lead institution within this group, which was sold last year to Augusto Lima, a former partner of Daniel Vorcaro.

The Central Bank emphasized that this action aligns with its ongoing commitment to ensuring compliance within the financial sector. It stated that further investigations will continue to determine accountability among the individuals and entities involved, which could lead to administrative sanctions or notifications to relevant authorities, as permitted by legal frameworks in place. The Central Bank aims to safeguard the integrity and stability of the Brazilian financial system by intervening in cases that present risks to proper management.

This liquidation process not only reflects the Central Bank's regulatory authority but also serves as a reminder to other financial institutions of the importance of adhering to prudential regulations and standards. The implications of these actions could impact market confidence, investor relations, and the broader financial ecosystem in Brazil, highlighting the necessity for rigorous regulatory practices and governance in the banking sector.