# Banco do Brasil Securities

Banco do Brasil Securities is an Asset Manager based in Miami, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Miami, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2005
- **Assets under management:** Undisclosed
- **Website:** bbsecurities.com
- **LinkedIn:** https://www.linkedin.com/company/banco-do-brasil-securities

## Regulatory record

- **CRD number:** 132701
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/132701

## About

Banco do Brasil Securities LLC is a full-service broker-dealer located in Miami with an open investment platform focused on servicing individuals. It is a wholly owned subsidiary of Banco do Brasil S.A. and offers brokerage services to retail and institutional clients. It is registered with the SEC and is a member of FINRA and SIPC, and acts as an Introducing Broker clearing through Pershing LLC.

## Sectors

- Broker-Dealer
- Securities
- Financial Services

## Questions

### What is Banco do Brasil Securities's relationship to the Brazilian government?

Banco do Brasil Securities is a wholly owned subsidiary of Banco do Brasil S.A., which is majority-owned by the Brazilian federal government. The Brazilian Treasury holds a controlling stake, making BB Securities a broker-dealer whose ultimate parent is a government-linked entity. This structure provides the firm with preferred access to Brazilian sovereign bond issuance but subjects its operations to the political and governance constraints of state ownership. The parent bank's board includes government-appointed members alongside independent directors, per its governance filings.

### What products does Banco do Brasil Securities distribute to US investors?

The firm primarily distributes Brazilian fixed-income products, including sovereign bonds issued by the Brazilian Treasury, quasi-sovereign debt from state-owned enterprises, and investment-grade corporate bonds from Brazilian issuers. Brazilian equities — available as ADRs or through local-market access vehicles — form a secondary distribution line. The firm does not originate structured products or maintain a material US domestic securities business, functioning instead as a narrow corridor for Brazilian risk into US institutional portfolios.

### Is Banco do Brasil Securities registered and regulated in the United States?

Yes, Banco do Brasil Securities LLC is registered with the SEC and is a FINRA member broker-dealer. It operates from New York City under US securities regulations while benefiting from the sovereign credit profile of its Brazilian parent. The firm maintains the standard regulatory filings required of a state-registered broker-dealer, including quarterly and annual financial reports accessible through EDGAR.

### Does Banco do Brasil Securities invest proprietary capital or function solely as a broker?

Banco do Brasil Securities operates primarily as an introducing broker and distribution platform, matching Brazilian issuers with institutional buyers in the US and Europe. It does not run a proprietary investment book or a private equity or venture capital strategy. Any proprietary positioning is done at the parent-bank level in Brazil, subject to Brazilian banking regulations and government governance.

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Last updated: 2026-08-11T15:06:13.093Z

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