The focus here is direct: the processes involving Nubank, XP, and BTG due to the sale of CDBs from Banco Master. The central point of discussion is the accountability of intermediaries in the distribution of these securities and how much duties of information, product suitability to the client's profile, and risk communication were (or were not) fulfilled. Regardless of the outcome, the message to the investor is already clear.
What is at stake in the processes
The actions discuss whether the platforms can be held liable — in whole or in part — for the losses of clients who purchased CDBs from Master. Topics such as: transparency in the offer, clarification about risks and protection limits, and diligence in recommendations come to the table. It is not a legal analysis; it is an invitation to understand how the distribution chain works and where each party assumes responsibilities.
FGC in the background (but important)
The FGC appears as a complement: it covers up to R$ 250,000 per CPF/CNPJ and per institution (considering principal + interest). With the acquisition of Will Bank by Master, both are treated as the same institution for coverage purposes — there is no addition of R$ 250,000 + R$ 250,000. Amounts above the limit are not covered and may depend on processes, with the risk of loss.
Two lessons that stay
The photography of Brazil. The economic, political, and legal environment is challenging. Even 'conservative' products carry counterparty risk. Trusting only the label is not enough.
Responsibility with one's own money. Diversifying by institution (and conglomerate), reading the fine print, and understanding corporate links has become mandatory. And here I make the connection with crypto: self-custody increases control over assets and reduces reliance on intermediaries, but it requires discipline, operational security, and study. It is not a silver bullet — it is risk management.
Want the timeline, practical examples, and complete data? Watch the video on my YouTube channel: 'Diovane Lopes.'
Let's continue the conversation: leave your doubts and experiences here in the article comments — I will read and respond.
Educational content. It is not an investment recommendation.